Dow Roadmap Nov 2022

12 nov. 2022

It has not been a bad year for the old Dow..old people are wise and have no tech :).

2 déc. 2022

Note

In the box. Lets see how it goes

17 déc. 2022

Note

Red box encounter proved to be deadly :)

24 févr. 2023

Note

Dow still cannot recover from the meeting with the Red Box. Old age, what can you do

24 févr. 2023

Note

Dec lowest closing low of Dow was 32758. One very important indicator i have learnt from Jeff Saut, the long time Chief Strategist of RJ, is the Hooper rule: If the December lowest closing low is broken in the 1Q of next year, it is a bad sign for the market. Well, we are close and March is ahead

25 févr. 2023

Note

The worst case scenario was Dow is in the vicinity of the Dec 2018 low, so peak to trough 40/41% decline over 2 years which is fine. Will track as we go

10 mars 2023

Note

Dow closes the week below the Dec low and turns the trend across all important timeframes to negative. Which implies that the high made in Dec could stay for many, many months. The encounter with the Red Box was scary

14 mars 2023

Note

In contrast to Dow, SPX/NDX have a still slightly more positive structure which leads to this sideways congestion