Posts Tagged ‘DJIA’
July 8th, 2009 | 
Author: Remember the my blog post on June 29th?
In “If Bonzo Is Buying Then You Should Be Selling” we learned about how to identify a Head and Shoulders Top. So did the DJIA complete a Head and Shoulders Top yesterday?
Well let’s go through the checklist:
1. Did the Dow have a strong rally leading into the distribution formation? Yes!
2. Did Dow form a head and shoulders top with declining volume on each peak? Yes!
3. Did the Dow break the neckline of a Head and Shoulders Top formation by 3%? ???
Hint: that would require a close of about 250 points below the 8200 neckline – or below 7950.
The Answer is NO because the Dow closed at 8150 – close but NO CIGAR – YET……..
To be continued. Remember how Bonzo is investing! Stay tuned 
AGAIN
There are a wide variety of ways to participate in this opportunity ranging from the very conservative to the highly speculative.
BUT you need active guidance – Contact Us at Fibonacci Financial.
Do not get the idea that you can trade or make investment decisions from my blog entries. These are an introduction to my services and do not constitute investment advice.
Posted in Financial War Room | 
Tags: Asset Allocation, DJIA, Dow, Fibonacci Fin, Head and Shoulders Top, INDU | 
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