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<blockquote data-quote="HerefordSire" data-source="post: 644617" data-attributes="member: 4437"><p><em>Here is the bullish case for the Dow. Notice I previously posted the bearish scenario for the Dow falling to around 5,400. Both could obviously fail to occur. These projections are educated guesses based upon my experience. These charts are for conversation only and not to act upon. In reality, noone knows the future.</em></p><p></p><p></p><p><em>Click to enlarge. Each candle represents one day. This bullish scenario shows a possible inverted head and shoulders formation shown by the red circles. Some call this a "V" bottom. The yellow arrows represent a probability of future direction based upon past direction. In other words, I tried to draw the future price movement in a symmetric pattern. The blue ellipse is a target price around August of this year. Watch the yellow ellipse for a major price breach this summer and she could zoom up fast.</em></p><p></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 644617, member: 4437"] [i]Here is the bullish case for the Dow. Notice I previously posted the bearish scenario for the Dow falling to around 5,400. Both could obviously fail to occur. These projections are educated guesses based upon my experience. These charts are for conversation only and not to act upon. In reality, noone knows the future.[/i] [i]Click to enlarge. Each candle represents one day. This bullish scenario shows a possible inverted head and shoulders formation shown by the red circles. Some call this a "V" bottom. The yellow arrows represent a probability of future direction based upon past direction. In other words, I tried to draw the future price movement in a symmetric pattern. The blue ellipse is a target price around August of this year. Watch the yellow ellipse for a major price breach this summer and she could zoom up fast.[/i] [ATTACH type="full" alt="djia_scratch.JPG"]0[/ATTACH] [/QUOTE]
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