Found this Dow Jones Industrial Average ^DJIA chart with cycle analysis interesting to share with you guys here:
The more interesting thing is that, it moved at 45 degree grin emoticon Gann theory.
Just study CI found close off high and also it high was just at very short term MA of 5 and also near to auto resistance point of 1646, from TC study Friday also a short term TC high , if Monday CI not able to go north mean the TC which said days ago should be a low that should fall on 4 more trading day
March 2013 match with the possible General Election of Malaysia. So I guess the stock market should crash before March 2013.
If general election is to be held in June 2013, we should see an extension to 16,000 (expanding triangle) before the cycle ends ? if there's an extension, probably will go up until June 2013. Many economists predict another recession in June this year.
Sunday, January 27, 2013
