LOOKING AT THE DOW ON A LONG-TERM BASIS REVEALS WE ARE AT A CRITICAL JUNCTURE
I was preparing to do an updated study of crude oil, following up on last week's piece, when I started getting distracted with other pieces of analysis, indices and commodities. My distraction is your benefit. I started looking at the influence of the generational trajectory points on the Dow over the past 15 years and was compelled to do a little show and tell. A study of crude oil will be posted this weekend, as well.
A couple charts here for your monetary pleasure. Compelling, irrefutable evidence of the critical nature of current market levels:
DOW DAILY
DOW 9 DAY CHART 1996-2012
