Markets Timing - Index DJIA 13,295 dn-129.9.
Like to remind you today, is that the DJIA pt.& fig.chart reversed 3 sqrs.down for the second time off the recent top at 13,692. This is a warning we may have seen the top for a month or two. Just checked many stock charts, 95% are falling. The worse cast are the gold's, as they have followed the metal price as the US Dollar has been rising. Last report on Market Timing was dated June 6th so better for an update as the DJIA has dropped off 129pts. Close that day, was 13,483 dn-129, same as today.
Bar chart below shows the 21dma is at 13,495 and we closed below that at 13,295 some 200pts. lower is not what you would call bullish. It is bearish. One of my math targets on the way up, was 13,300, intraday low hit 13,294. Target below is at 12,700. On this drop we should have a S.T.target intraday support at 13,100, 200pts.more.
Click below for the bar chart and take note of the other charts below. There are three:-
"On balance volume, MACD, and MFI. They are all falling and pointing down.
Also, take a look at the pt.& fig.and note the 3 sq.reversal.
Charlton Capital Ltd. Mr.618 at your service, any time. Now midnight, Wed.00.08am
This will be posted on the web Wed.am, but if you get my e-mails, you get now.
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=7&dy=0&id=p71582209713