Kevin Wilde's  Instablog

Kevin Wilde
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Kevin Wilde is the chief trading strategist at alphaking.com and a Marketocracy.com Master. Investors can follow his trading advisories via his Daily AK newsletter, or have their money run for them via Marketocracy.com money management services, where Kevin's trades will be automatically entered.
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  • 1929 Comparison With Three Peaks And A Domed Top 0 comments
    Oct 30, 2013 10:15 AM

    If you would like to track updates on the charts shown below sign up at alphaking.com, click on the verification email, and get THREE months access to my on-line newsletter for free! This is a limited time offer that will not be repeated in 2013.

    The first chart below shows the three peaks and a dome pattern, discovered and TA technician, George Lindsey.

    Update continues below chart...

    (click to enlarge)

    The next chart shows the current view of the Dow Industrials as they attempt to breakout to new highs from the #20 low test of the 200 day MA on their way to a blast off to the peak in #21 position.

    Update continues below chart...

    (click to enlarge)

    The final chart Tom DeMark's recent prediction calling for the Dow Industrials to follow the 1929 blow off pattern before we crash back to where we started. This too is eerily similar to the three peaks and a domed pattern. You have to visually lower the black line of the current Dow to match up with the blue line of 1929.

    Kevin

    (click to enlarge)

    Disclosure: I am long MDY.

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