World Blog by humble servant.Johnnie Ellington II November 21, 2014 · What will not go down, only goes up.
Johnnie Ellington II
November 21, 2014 ·
What will not go down, only goes up. If we close higher this week and see new highs next week, it looks like we are headed into the low 18,000 level on the Dow by mid December.The key resistance is at the 18133 to 18200 level as the weeks move forward. This has been the top of the Primary Breakout Channel from the turn back in 2011. This channel has performed perfectly containing everything up and down. If we start to break out above this channel and close above it on a weekly basis, this is the warning that we may see the Dow at the 23000-26000 by next September. Exceeding that area will warn of a possible real blast in a Phase Transition that can take the Dow up to 40,000-43,000.So pay attention. What will not go down when the cycles shift, inverts and rises even further. There is always a reason for what markets do , you just have to pay very close attention. This is why I have been warning a cycle inversion is coming. We may be in that process now starting from November 19th/20th.
November 21, 2014 ·
What will not go down, only goes up. If we close higher this week and see new highs next week, it looks like we are headed into the low 18,000 level on the Dow by mid December.The key resistance is at the 18133 to 18200 level as the weeks move forward. This has been the top of the Primary Breakout Channel from the turn back in 2011. This channel has performed perfectly containing everything up and down. If we start to break out above this channel and close above it on a weekly basis, this is the warning that we may see the Dow at the 23000-26000 by next September. Exceeding that area will warn of a possible real blast in a Phase Transition that can take the Dow up to 40,000-43,000.So pay attention. What will not go down when the cycles shift, inverts and rises even further. There is always a reason for what markets do , you just have to pay very close attention. This is why I have been warning a cycle inversion is coming. We may be in that process now starting from November 19th/20th.
Comments
Post a Comment