Different Types Of Brazillian Weavon

- April 23

This week I made some graphical changes in the positioning of the support base of the Dow Jones (diagonal green line). The structure that I described as a figure of such bearish rising wedge looks more and more like a corridor of fluctuations bullish. The two converging lines which are the characteristic graph of a wedge structure, these same two lines that represent an area support and resistance area are now much more parallel lines converge, but very little. This parallelism is more like a corridor of fluctuation upward and reflects more accurately the curve points of the Dow Jones.

These changes are intended to stick to reality index chart, technical analysis is not something immutable and static must often made adjustments to try to identify the message that the market sends us through graphics. Adaptation is not a sign of indecision or confusion , but rather a reflection of your mental structure that seeks to find balance and meaning of the message ... Your perceptions

dictate your actions, so if you perceive structures sharply downward, there is very likely that your "trading" are becoming increasingly defensive. Our perceptions of the market or a particular security play a vital role in our investment strategies.

The changes I made this week to chart the Dow Jones does not completely transform the Chartist perception index, but represent more accurately the curve points and also removes the aura that is a bearish rising wedge. Small changes in perceptions or mental functioning may lead very large positive change in your investment ...

Having made this adjustment in perception graph also make it more realistic possibility that the Dow Jones reaches the target Fibonacci 161.8% to 11.280 points , as mentioned April 1 last.

The benchmark index ended the week in BO short term "Brake Over" in its resistance of 11.154 points, which demonstrates that there is still a lot of strength to become bullish on the markets .

By cons, what I wrote on April 18 is still valid, since a fracture consolidation of short-term uptrend is a reality that will reach us sooner or later ... "The first signals Bearish reversal will occur by the breaking of the 9-day moving average which is currently an excellent support, and thereafter break the support area of 10.988 points. "

G raph month period in on this chart we can clearly perceive the rise of the benchmark index. This rise in "V" was much faster and aggressive than I had anticipated, but accelerated in the course of this Scenario describes November 23, 2008 reaches full speed. This acceleration will allow us to test more quickly than expected mega bearish pattern type "E-T-S - Left Shoulder - Head - Shoulder Right" is currently under construction on the Dow Jones. The top of the right shoulder is located near the area of 11.500 points, while a few wing beats and the bullish target prospective will be reached.

"Sunday, November 23, 2008: It would be tempting at the chart in months to detect a mega-type structure" E-T-S - left shoulder - head - right shoulder "which suggests that the Dow would be on point formed the right shoulder with a potential back up area of 11.500 points, a rise of more than 2,500 points. "

previous analysis
http:/ / observateurtechniqueindices.blogspot.com/2010/04/dow-jones-biseau-baissier-16-avril.html
Dow Jones
2012
http://observateurtechniqueindices.blogspot.com/2010/02/dow-jones-2012-suite.html
http://observateurtechniqueindices.blogspot. com/2009/06/dow-jones-2012.html

Posted by Claude Bordeleau