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Worden Discussion Forum » General Discussions » Stock and Market Talk » $INDU Daily and weekly charts are n'sync now 233ema wkly (10,490.92) is in charge!

$INDU Daily and weekly charts are n'sync now 233ema wkly (10,490.92) is in charge!

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signaltap

Posted : Sunday, December 6, 2009 10:56:30 AM

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Joined: 3/16/2006
Posts: 2,214

signaltap

Posted : Sunday, December 6, 2009 11:00:53 AM

Registered User
Joined: 3/16/2006
Posts: 2,214

$DJIA Is not just me, TA says it all! Must be bear Longterm, read Analysis on both charts!

$$ Faithfully following "the Orange line" = 233ema weekly (10,490) even with Friday's good news it died THERE!

$$ it has really good tracking record! Jan 2008 low this line was there @ 11,634 and Sept 2008 held price, THEN $LEH died!

You can follow me LIVE in stocktwits, and Twitter (user name: macheterosforvr)

riggie

Posted : Monday, December 7, 2009 8:27:57 AM

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Joined: 12/10/2008
Posts: 3

Great post Gold customer. Was a great help to me to analyze the latest situation in the markets.

thanks,
Riggie

wwrightjuly4

Posted : Tuesday, December 8, 2009 12:13:21 AM

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Joined: 4/10/2006
Posts: 954

Thought It might be interesting to compare to the 1970's chart where we had a 50+ percent drop

weekly DJ-30 from 1970

wwrightjuly4

Posted : Tuesday, December 8, 2009 12:15:24 AM

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Joined: 4/10/2006
Posts: 954

Tried to overlay this but I did not do a very good job.

Overlay

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