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Markets Timing - DJIA 12,083 dn-205 p&f chart.
Report on June 2nd , DJIA then at 12,464 dn-147 and I wrote:-
"Just sent out the bar chart warning you, the DJIA is now about to
drop to 12,100 S.T.support and this drop will be swift, off the cliff edge".
The next day, Friday the DJIA closed 12,209 dn-395. SWIFT as I forecast and off the cliff edge. But it did not hit my forecast low at 12,100.
Today, yet another one off those SWIFT days, closing at 12,083 dn-205 pts.
The intraday low at 12,029. So my forecast was once again correct, no fuss.
The Wall Street analysts say "you can't time the markets". What a load of
utter rubbish. They are full of fundamentals and never seen a chart.
Chart here, for "your eyes only" and do you like to pattern. Steady drop.
"Next" downside target is at 11,600. Back to the Mar.17th low intraday 11,650.
That's how it's forecast here at H.Q. Pass to Wall Street analysts as you wish.
P&f chart shows a reversal down today by six red sqs. "Say no more".
A picture is worth a 1,000 words said the Chinese Confucius.
Charlton Capital Ltd. Mr.618.
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