Markets - Market Timing DJIA 13,918 dn-53.
I have just sent you my report on Crude Oil and noticed the DJIA had reversed down 3 sqrs. on the pt.and fig.chart. Here it is, so take a look below. The drop is shown by three red zeros. That indicates the drop occurred today, well Wed. Late now, Th. Since Mar.this year, when the low hit 11,973, 5th & 11,926, 14th for a double low, the index has made new highs in mid month. So we are in mid July and Tu.we hit a new high intraday at 14,095. Did you know that? Shorts interest reports mid month too. The math number of resistance is 13,900 and we should have some trouble remaining over 13,900 with out a drop which is occurring now. In "Market Timing" report dated July 16th, "Updates", I wrote:- "Support will be at 13,700". Interday low Wed.was 13,768 so just about there. Index remains bullish and next date of importance will be Aug.12th. That was the low for the DJIA on Aug.12th 1982. Adding, the second year "2" in a decade is usually a market low.
Charlton Capital Ltd. Mr.618 here.