DJ Transports and Utilities updated

CLIFF NOTES: I am a patter recognition chartist.  I am NOT trying to be overtly bullish or bearish.  Just using this forum to show the PATTERNS that area ppearing.

On the DJ Transports we have completed a MAJOR AB=CD sell pattern w/ a 1.618 extension.  That is bearish.  It’s particularly bearish because the pattern using the former all time highs and lows. I am also showing the Utilities almost completing a very bearish pattern.  Again … heads up folks, these are NOT 60 minute intraday scalping trades.  These are MAJOR patterns that bear close watching.

DJ Transports
DJ Transports

 

DJ Utilities
DJ Utilities

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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