DOW Running out of steam

TVC:DJI   Dow Jones Industrial Average Index
Comment: See


Really, doesn't look like it. Well if you look at the charts (daily) - looks more like it's picking up steam. Right in front of everyone's eyes. Charts - blah blah blah mean absolutely NOTHING right now, nothing. 'THEY' will never let it drop that much (that much being what MOST of the traders on this platform say to around 15/18k and some even lower - not gonna happen - fact.
Simply because it is 100% being manipulated. Their is ABSOLUTELY NO reason why these markets should be at these levels, none whatsoever, but they are - WHY????
The_Unwind Laurent10

Exactly. Very good point.
jacobit Laurent10
@Laurent10, I'm *always* wary of those who say 'never' or 'always' with respect to charts.

Charts mean more than we can interpret, as most algorithms & AI systems are giving the nod or shake to humans.

My technique starts from the genesis of the DOW. It takes in to account the parabolic movements and precise intersects to generate these maps. More often than not, they are guides. Actually, every time I've performed this excercise there have been illuminating inferences. What I can tell you is this: the dow is expected to retrace to 10000 in the next few years.

Nice to see some remain hopeful, but I am not. Take care of yourself & good luck.
Laurent10 jacobit
@jacobit, The charts are NEVER / ALWAYS right.......We are seeing it right before our very eyes.
I question yours and others techniques, because over the past 7/10 days they are inaccurate (again, right before my very eyes) Like many here they have all predicted that the DOW will fall to various positions ranging from 20 000 to 966....and as it stands the Dow is going the other way....MY OTHER concern is that you say the Dow is expected to retrace to 10 000 in the next few years, I'm sorry jacobit, I'm trading for now NOT the next few years, what's going to happen in the next few years ain't gonna pay the bills, what's happening NOW is. Sure it might, and guess what it might not.....NOBODY knows. Not even you sir :)
I'm certainly not hopeful as I do not in any way expect these markets to be at these levels.....
These markets should be A LOT lower....charts or no charts.
Thank you for the banter (I mean no personal attack or the like) good to see other perspectives.
U2, take care / be safe / and hopefully chat soon.
Ps; I hope I'm wrong.
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