The P&F chart below shows the Dow Industrials using 30 points per box and a three box reversal method. With the August dip and September surge, the Dow is challenging the prior highs and tracing out a large inverse head-and-shoulders pattern. A break above these highs opens the door to even higher prices.
Click this image for a live chart
Click this image for a live chart
Good presentation. Very timely and appropriate. Thanks
Posted by: steve happe | September 10, 2012 at 09:11 PM
Good call - now with a clearly breakout - Prelim. Bullish Price Obj. is encouraging.
Thank you very much, Dirk
Posted by: Dirk Hettrich | September 13, 2012 at 03:58 PM