Wednesday, September 7, 2016

BE VERY CAREFUL OF THE MAJOR MARKET INDEXES HERE

Look at the chart of the DJIA. To me, it looks like a very pretty head and shoulders pattern setting itself up. On the right shoulder currently: Declining overall volume goes right along with the pattern. "IF" the DJIA breaks about 18300, then a big sharp high volume plunge is likely. Then a rally back to about 18300 could likely happen. Then a typical head and shoulders break down, followed by a year-end rally. What's your thinking?

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