INDEX PRICE CLUES
POSTED: March 28,
2009

How Now Mr.
Dow?:
The time
has now become irresistable to take another look at the
holy stock market index, the Dow Jones Industrial
Averages
(DJIA).

Why
irresistable?
Well, the
pundits are at it again and all the news services are
going ga-ga over the "gains" in the DJIA over the last
weeks.
Could
they at last be
correct?
Has the
"Obama phenomena" cured the economic ills of the last two
or three decades in only the last two
months?
Well, to
read or hear the news services, you might think
so.
Again, we
shall take our own advice and draw back from the
present news headlines and emotion and view this stock
market index from a safe distance in
Time.
Glance at
the chart above, take a relaxing breath and dare to speak
what you instinctively
know:
The Dow is still in
decline.
The
downward trend is still intact, just like when we last
examined it several weeks
back.
When the
talking heads speak of "gains", what are they talking
about?
Let me
qualify what "they" consider to be
"gains":
Gaining 1400 points after losing
6,500
points!!
HELLO!!?
Turn off
the TV and observe the Golden Line of Intention that we
placed on the
chart.
That line
represents where we believe the major players are betting
heavily on where the market will be going long
term.
Oh, and
"they" would like you to start "buying" to drive
prices upward so they can go short and make even more
money from you - the small
investor
It would
be foolish indeed to buck a down-trend of this magnitude
though.
So, are
you going to believe your own eyes and what you see in
the long-term chart above or are you going to tune back
into CNBC to let them tell you what is
"real"?
Your
choice, as always, but, now you know the other side of
the argument for a
change.
We'll
look at what's hot in the commodity markets next post
(possibly tomorrow), just to see what illusions we can
uncover in the "smoke and mirrors" trading pits.
-George
TAGS: DJIA, Dow Jones Industrial Averages,
Dow, Indexes, Dow 30, Dow trend, DJIA trend, stock market
index, stock market, stocks

Here's the Index Price Clues to the longer
term Dow Jones Industrial Index (DJIA).

It shouldn't be a surprise to see that
the True Trend for the DJIA is DOWN,
although, surely you've heard and read a lot of market
"experts" tout buying the market now, while its "at the bottom"
(which they somehow think has already happened).
Far better in my opinion to know that the True
Trend is Up FIRST, then buy based on what can be SEEN,
rather than by what is HEARD or THOUGHT.
I'll wait until the market prices rise above
the Golden Line before I change my mind about Market Direction,
thanks.
An uptrend, when it happens will be long-lived
and there will be plenty of time to get on board.
So, what's the rush? -
George
***IF you're interested in learning how to do this for yourself
in the Markets you choose to follow, contact me by e-mail
to get on the list.
I'm working on preparing the material and I'll contact you when
its ready, you can contact me by e-mail at process@theshamanstent.com
-------------------------------------------
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Tent"
*NOTE PLEASE: Remember, these chart
posts & analyses are for entertainment or educational
purposes ONLY and only express my opinion and are not a
suggestion to BUY, SELL or even trade at all. All trading is
RISKY and you should consult a professional. I am merely a
student of the markets and Mankind and not a licensed advisor
or broker.
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