As we can see in the chart spanning from mid 2009 to August 2013, we will grossly observe the behavious of Dow Jones industrial average.
Level at 10000 appears an important level. after this, the brown rectangle highlights a part where we can see a rise of about 2750 points.
Level at 11000 appears an important level, after this the green rectangle highlights a region showing a rise of about 2000 points.
Further, level at 12000 seems important, after this, the orange rectangle shows a rise of about 1500 points.
The red partial rectangle shows a rise of about 2600 points till today. Thus, looking at the history, we cannot assume more than a 150 point rise from this point if we expect a total rise of 2750 points. Thus period of bull phase is nearly over. Its time to get out of the market.
Level at 10000 appears an important level. after this, the brown rectangle highlights a part where we can see a rise of about 2750 points.
Level at 11000 appears an important level, after this the green rectangle highlights a region showing a rise of about 2000 points.
Further, level at 12000 seems important, after this, the orange rectangle shows a rise of about 1500 points.
The red partial rectangle shows a rise of about 2600 points till today. Thus, looking at the history, we cannot assume more than a 150 point rise from this point if we expect a total rise of 2750 points. Thus period of bull phase is nearly over. Its time to get out of the market.
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