Dow - Big Picture

Masterful

Junior member
48 0
Didn't see any threads for longer term views on the Dow and wanted to post an interesting 70 week cycle date that fell on Friday.

All views welcomed

-----
When browsing DOW chart noticed excellent response to a 70-74 week cycle over the last 50+ years on the DOW.

Generally the cycle marks intermediate highs and lows however sometimes can just indicate congestion periods.

NB
74 week cycle also rounds to an 18 month fibonacci cycle (74/4=18).

Have attached a chart.

{Note fib levels which may provide turning points and have done so, the text blocks these out in the attachment.}
:cheesy:
 

Attachments

  • 70weekcycle.gif
    70weekcycle.gif
    33.5 KB · Views: 712

Rainmaker

Active member
201 3
Tom Hougard mentioned something very similar to this a couple of weekends ago on Bloomberg. He expressed it as "every 500 days" that the Dow has a major turning point. Looking back, he wasn't far off, assuming that the Dow heads south from here and doesn't try and break the 10,750 level. Only time will tell!
 

tradesmart

Experienced member
1,286 22
With the futures plumbing the 10090 level just now and news from the middle east overriding economics; the lower uptrend line could face a stern test today, but RSI PD hints at support imho……..
 

Attachments

  • 22-03-04.gif
    22-03-04.gif
    17.4 KB · Views: 408
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock