A PRICE MIRROR IN THE DOW THAT WILL LEAVE YOU MOPING IF YOU ARE BEARISH
I received a great reception to the price mirror in the Russell 2000 I posted some weeks ago. There is a price mirror also occurring in the Dow that should be pointed out. It is not as "tight" a price mirror as the Russell example because the price mirror in the Russell took place ON the trajectory point, whereas the Dow price mirror is taking place a little ways AWAY from the trajectory. Also, the Russell has been leading this bull run, therefore it is given precedence in analysis over the Dow.
Price mirrors can only occur in or around important trajectory points. Otherwise, it becomes your run of the mill correlation study that is prone to dissolution at a moments notice.
Here is the Dow price mirror:
click chart to enlarge
DOW
