Ive posted a chart my files section that shows the Spx and Dow Jones over
the last 5 years from its all time high in Mar and Jan 2000.
For other charts
http://finance.groups.yahoo.com/group/ganncycles2004
AAA Dow 5 yr trend lines...Nov 11th 04 bmp.gif
Dow 5 year trendlines Nov 11th 04
Please Note if anyones not familiar.
I Hope that you can view them OK.. The yahoo or other group files
section when initially opened DONT seem to open charts to full size
straight away .. I have found that I have to wait for an icon to
appear and click it to open the chart to full size. It appears just
below on the lower right hand side of the chart. Sometimes it seems
to take a few seconds before it appears, at least it does on my own
PC.
Note the two trendlines from this date.
Theres a lower one that hit the May 2001 top of 1315 spx / 11366 Dj and also went
on to hit slightly below this years Mar 1163 spx and February top of 10750 ish. Dj
Then there is a higher trendline that just hits the very top of Feb
2004 top.
Presently the Lower of those two trendlines does seem to be very
close to hitting the market right now and suggests it will hit at
around 1176 to 1180 spx /10500 to 10540. Dj
The higher trendline does seem to be hitting about 1176 spx /10600.Dj
Ive also had a look to see if I can find any other trendlines of
interest that MAY be hitting around these levels.
I would say at a closer look it appears there may be several that
come from other main highs or lows over the last 5 years that do seem
to have hit other valid points and appear to also be hitting around 1176 /
10500 to 10600.
One of the charts shows more detail from 2002 and the other two show
a close up of where the lines have hit this last year and where they
seem to meet at around this time period of November .
I still have the week of November 15th to 19th as having several
cycles clustering of high interest.
November 17th in particular has several cycle hits.
So IF the market does hit and stay at around these levels I THINK
there MAY be quiet a good possibility we could see a change in trend.
Ive another very good looking date in December next month which id
like to think may be a low. Although If the mkt hasnt turned by Nov
20th then I suspect it may be the next main date of interest this
year and May be a top.
Its NOT at all easy to be certain that the dow / spx will turn this
month as no doubt the recent chart formations since the recent rally
have looked bullish especially seeing the SPX make new highs.
Although the SPX has broke the earlier yearly highs. The 1174 to
1176 top today was an important past resistance level.
the last 5 years from its all time high in Mar and Jan 2000.
For other charts
http://finance.groups.yahoo.com/group/ganncycles2004
AAA Dow 5 yr trend lines...Nov 11th 04 bmp.gif
Dow 5 year trendlines Nov 11th 04
Please Note if anyones not familiar.
I Hope that you can view them OK.. The yahoo or other group files
section when initially opened DONT seem to open charts to full size
straight away .. I have found that I have to wait for an icon to
appear and click it to open the chart to full size. It appears just
below on the lower right hand side of the chart. Sometimes it seems
to take a few seconds before it appears, at least it does on my own
PC.
Note the two trendlines from this date.
Theres a lower one that hit the May 2001 top of 1315 spx / 11366 Dj and also went
on to hit slightly below this years Mar 1163 spx and February top of 10750 ish. Dj
Then there is a higher trendline that just hits the very top of Feb
2004 top.
Presently the Lower of those two trendlines does seem to be very
close to hitting the market right now and suggests it will hit at
around 1176 to 1180 spx /10500 to 10540. Dj
The higher trendline does seem to be hitting about 1176 spx /10600.Dj
Ive also had a look to see if I can find any other trendlines of
interest that MAY be hitting around these levels.
I would say at a closer look it appears there may be several that
come from other main highs or lows over the last 5 years that do seem
to have hit other valid points and appear to also be hitting around 1176 /
10500 to 10600.
One of the charts shows more detail from 2002 and the other two show
a close up of where the lines have hit this last year and where they
seem to meet at around this time period of November .
I still have the week of November 15th to 19th as having several
cycles clustering of high interest.
November 17th in particular has several cycle hits.
So IF the market does hit and stay at around these levels I THINK
there MAY be quiet a good possibility we could see a change in trend.
Ive another very good looking date in December next month which id
like to think may be a low. Although If the mkt hasnt turned by Nov
20th then I suspect it may be the next main date of interest this
year and May be a top.
Its NOT at all easy to be certain that the dow / spx will turn this
month as no doubt the recent chart formations since the recent rally
have looked bullish especially seeing the SPX make new highs.
Although the SPX has broke the earlier yearly highs. The 1174 to
1176 top today was an important past resistance level.
