DJIA Priced in Gold: What It Means for the Long-Term Trend
One of the best ways to get a true view of where the market really is involves looking at it denominated in something else other than dollars. One of the most interesting tools (and least discussed in the financial media) is the DJIA priced in gold — “the real money,” as Robert Prechter calls it. What implications might the present position of Dow/gold have for the long-term trend of the nominal Dow? In this video, Steven Hochberg shows you several revealing charts that answer this question. My personal favorite is his comparison of the Dow priced in three different terms- Dollars, Gold and other commodities. You get an amazing picture of when the bull market really ended. Check out the video. ~ Tim McMahon, editor. Continue reading
Ominous Pattern in the DJIA
Video (Part 2): Prechter: Ominous Pattern in the DJIA
(Note: This interview was originally recorded on September 20, 2010)
In the video below, Robert Prechter talks to Yahoo! Finance Tech Ticker host Aaron Task and Henry Blodget about a technical pattern he sees forming in the Dow. Continue reading
DJIA’s 200-Day Moving Average: Will the Dow stay above or below this demarcation line?
By Elliott Wave International
Moving averages are one of the most widely followed indicator in technical analysis.
Simply put, when the price of an index or stock stays above a particular price moving average line on a chart, that price level serves as support — a level where buyers reside.
If the price falls below a moving average line and “can’t” break through from the underside, this price level is a line of resistance — a price level where sellers hover.
That’s an easy explanation of moving averages for you.
