Sunday, February 14, 2010

Dow Jones Ind Aver...February 12, 2010

The DJIA appears to be doing the same thing as the TSX Composite Index north of the US/Can boarder. A well defined narrowing triangle pattern followed by a break out to the downside.
If I'm reading this correctly...the buy and holders on both sides of the US/Canada border are in for a very unwelcome surprise over the next number of months.
I won't speculate on the ultimate bear low or how long it might take to get there. Just that I'm expecting an ultimate bear low somewhere below the March lows.

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