Saturday, December 19, 2015

charts: DJIA monthly - will history repeat ?

DJIA 2000-2001
Courtesy of Worden Bros
After much staring at the DJIA monthly charts the following repetitive items came to light at the 2000 top, the 2007 top and again at the, so far, 2015 top.

1) Blue vertical arrow - a red monthly price bar broke the fuschia MA
2) Red vertical arrows - subsequent to the above #1, two blue monthly price bars developed
3) Yellow circle - MACD sell signal
4) Blue horizontal arrow - Histogram below zero and below it's blue MA
After the second blue price bar in #1, the stock market continued lower into the October 2002 bottom

DJIA 2007-2008
Courtesy of Worden Bros
1) Blue vertical arrow - a red monthly price bar broke the fuschia MA
2) Red vertical arrows - subsequent to the above #1, two blue monthly price bars developed
3) Yellow circle - MACD sell signal
4) Blue horizontal arrow - Histogram below zero and below it's blue MA
After the second blue price bar in #1, the stock market continued lower into the March 2009 bottom
DJIA 2015
Courtesy of Worden Bros
1) Blue vertical arrow - a red monthly price bar broke the fuschia MA
2) Red vertical arrows - subsequent to the above #1, two blue monthly price bars developed
3) Yellow circle - MACD sell signal
4) Blue horizontal arrow - Histogram below zero and below it's blue MA
After the second blue price bar in #1, the stock market ?????????

The question here is Will History Repeat Itself Again ?

Post from Sept 4,2015    "Major Signal"
Link     http://justsignals.blogspot.com/2015/09/charts-major-signal.html

Post from Nov 16,2015   "Major Sell Signal Update"

Link     http://justsignals.blogspot.com/2015/11/major-sell-signal-update.html


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This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results




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