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If the most important indicator in measuring and weighing market structure is price confirmation then there is nothing more important than a positive price breakout. Whether we have had the Jan effect (the first 5 day positive price effect) or not, the monthly close is suggesting some conspicuous price confirmations. As Indices around the world are breaking some significant true trendlines. For example the DOW 30. It has broken a significant true trendline of five years. We mentioned prior on 4 Dec in the DOW Illusion - II “Did you know that DOW is 16% from an all time high, which ...
Analytics
1637 Tulip mania damages the futures market and Dutch trade, in general. 1720 French and British stocks of firms cashing in on New World resources hit bottom. 1772 The financial crisis that occurred in the UK in 1771 leads to credit crisis, which spreads to North America. 1792 The Panic of 1792 was a financial [...]
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Time Triads
