My friend Adam just got back from Australia where he had his daughter’s wedding.
When Adam got back, he was shocked by a terrifying development in candlestick analysis on the Dow.
All the major indices are in what traders call “thin air”. This means that they have exceeded their Fibonacci retracement levels and are due for a pullback.
In the short video below, Adam will also tell you the specific number to look for in February. Should this level be broken, then it will signal a major reversal to the downside for the Dow.
More on this topic
(What's this?)
One Indicator That’s Unquestionably Bullish
(Money Morning, 2/5/10)
WHY YOU SHOULD CARE ABOUT THE DJIA PRICED IN GOLD
(THE PRAGMATIC CAPITALIST, 1/12/10)
Current Dow Rally Below Average In Magnitude And Duration
(Disciplined Approach to Investing, 1/17/10)
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