How A Japanese Chart Formation Could DOOM the DOW

"It's déjà vu all over again." Is one of Yogi Berra's famous original quotes and the same can be said for the DOW right now. The weekly chart on the DOW is flashing the same Japanese candlestick signal that it had earlier in April of this year. … [Read more...]

DJIA’s 200-Day Moving Average: Will the Dow stay above or below this demarcation line?

By Elliott Wave International Moving averages are one of the most widely followed indicator in technical analysis. Simply put, when the price of an index or stock stays above a particular price moving average line on a chart, that price level … [Read more...]