Dow

Hi
This is an interesting chart:

caldaro.files.wordpress.com/2012/11/dowbearish.png

A bearish case which has a high probability if 12,000 breaks.

If world banks weren't printing money, I would think this is a possibility, however with so much QE, I personally don't think the bull is over just yet.

G

An alternative view - what about a bull flag (Imaginary as per Diver's chart posted) ??? Once she breaks out of this channel (upward direction) there is always the possibility of the anticipated X-mas rally.

What do I know? DYOR.....

screencast.com/t/Lg3ESWcuh

Well I think we are probably at the end of this wave A and heading for a reprieve to possibly 13280ish before resuming the downward move.



The reason I say this is due to the divergence on the RSI plus we have already passed the 50fib. Could go to the 61fib mind you but that is also very close.
As always DYOR

Hey, Broad-rock...man, that was a great call! Well done and thanks!

Thanks, I thought so.

good eyes Mate
theres a gap there.
very small one but still a gap.
I had to zoom in to see it. its a gap of 4 points.