DOW

....and all the fib extensions, going right back to 1974, suggest you may well be correct.....

Marubozu candlestick pattern on the dow. This is quite a rare pattern on the dow.
This shows that the bears are in charge and bigger falls maybe about to come.
Go away in april and come back in october may be true this year
A good entry based on this pattern is if the price comes half way up the marubozu(50%) in this case to 14731 then short with stops above preferably.
Caution on new longs as this could be the signal for a top.

The dow still in a trading range from 14546 to 14383 so a 163 point range
So if this goes below 14383 today then this should test the breakout point.
Indicators are diverging now so possible top forming????? Its always hard to call a top on the dow as this can just keep motoring. I remember the same thing happening prior to the 2007 top.
so best to just take it one day at a time

Up above 14546
down below 14383

This is an hourly chart so as you can see the range more clearly

Well it's here again!



clip2net.com/s/4N4HMJ

And another H&S but the right way round!!

RMc

Can today's candle be classed as long legged doji?

Anyone remember this?




Well it could ........



RMc