Category: Long term charts

S&P100 (OEX) monthly, weekly 2014-03-25

The monthly chart has what I think is the very big picture wave count on it. Using 2000 as an orthodox top, everything since then is part of a very large corrective formation that is due for one last large decline before entering a constructive bull phase…

Dow in the big picture

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What is important to notice is how the Dow closed the year up at a touch of a trend line while at the top of very long cycles. Big picture this is bearish