How Now Dow Cow?
This is moreso a neutral analysis of the quarterly Dow Jones since it will take quite some time to play out. It's just a good thing to keep in the back of your mind as at the very least we are heading into a choppy/stagnant next few quarters.
The highlight is simply a 4 period ROC above 40 while price makes a new 10 year quarterly closing high.
**yes I know this quarter still has to finish, so we need to see how March affects this**
Obviously you can see that whenever this has happened price will typically pause and consolidate after such a hard run, apart from Q4 1954 where it just honey badgered it's way up... but also at the same time it can pick some nice multi-year tops. Ultimately time will tell.
Hope it helps,
Andre
The highlight is simply a 4 period ROC above 40 while price makes a new 10 year quarterly closing high.
**yes I know this quarter still has to finish, so we need to see how March affects this**
Obviously you can see that whenever this has happened price will typically pause and consolidate after such a hard run, apart from Q4 1954 where it just honey badgered it's way up... but also at the same time it can pick some nice multi-year tops. Ultimately time will tell.
Hope it helps,
Andre
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.