If you look at a long term chart of the Dow Jones Industrials it is interesting to see how symmetrical the advance since the 1932 depression lows has been. You could turn the chart upside down around a point in late 1974, and it would look almost exactly the same. This chart lines out some… Continue reading The case for Dow 32000
Category: Market Commentary
LT wave chart for September
August is slowly coming to an end. Today we take a look at the LT wave for September (click for larger image): The LT wave did fairly well again in August. US stocks reached a new high on August 5th, but the market failed to build on those gains as was expected on the basis… Continue reading LT wave chart for September
Random stocks experiment
It doesn’t matter all that much which stocks you buy or when you buy them, what matters most is when you sell them. In a nutshell that’s the conclusion of a stock experiment we have been doing over the last few years. More on that later on in this post, first we will take our… Continue reading Random stocks experiment
Key reversal levels for week of August 26, 2013
Our key reversal levels going into next week: Current Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq 3657.8 BULL S: 3395 7.47 (7.67) RALLY * S: 3609 -1.97 (-2.48) S&P 500 1663.5 BULL S: 1592.60 4.96 (5.67) DECLINE R: 1676.30 -6.47 (-6.77) Nikkei 13660 BULL S: 12602 2.12 (2.90) DECLINE R: 13981… Continue reading Key reversal levels for week of August 26, 2013
Dow Jones: high correlation with 1920s continues
This is a follow up article on a topic I addressed in early June, see: What parabolic peak? The Dow Jones has kept climbing to new record highs, and this is how the comparison with the post-depression bull market in the 1920s has evolved (click for larger image): The correlation has actually increased to 0.84… Continue reading Dow Jones: high correlation with 1920s continues
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