Here’s the DJIA squaring out price and time from it’s all time low, it’s inception in May 1896 and the use of 28.98 (the all time low) and how THAT low has responsible for ALL major support and projections. Pretty wild … take some time to study this chart. It’s a beauty …
Folks, resistance for now, ELSE this is truly going to lift off and, frankly, you might run w/ it a little bit but that’s really the last thing we want. As in everything, PRICE and TIME will have to balance and the emotional euphoria of the masses in a parabolic explosion ALWAYS gets countered, remember it’s all polarity, by a pretty wicked counter move which wipes everyone out and then … it’s back to square one. Trust me, I know.
I’m NOT calling for a crash or anything like that. Frankly, I don’t know how I’d see a crash coming? Isn’t that why they are crashes? No, I’m saying, resistance here and a pause or nice 15 percent or so pullback is needed and makes sense.
Certainly believe we have legs higher, but cool it off, a little, for now.
