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DJ Utility Index – an update

04/23/2016 – update to the Dow Jones Utility Index.  they took quite the beating this week, yes, so this pattern could be finished as mentioned below.  There were higher targets but we’ll just have to watch price action over the coming days/weeks to ascertain if a big top is in place.  Not time to buying […]

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DJ Utility Index – important SELL pattern formed/forming. heads up

04/05/2016 – as you can see below, the pattern failed on the Dow Jones Utility Index in/around 560-570 and propelled higher. now, per the chart below, you can see we are at another crucial juncture.  the “blue arrow” represents the MAXIMUM that the Utility Index has moved since it’s low in 1942.  In around the […]

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why the DJ Utility Index formation is important

back in April 2014 (http://bartscharts.com/2014/04/19/dow-jones-utilities-long-term-1942-price-pattern/) we ID’d a long term pattern that was completing.  the market subsequently went up into Jun/Jul and hit the target.  now it appears we “might” be carving out a Head and Shoulders Daily topping pattern.  Note, this same pattern came into play on a MONTHLY basis during the 2007-2008 time […]

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