Wednesday, September 24, 2014

The Turning Point

The market will not top until the DJIA has topped and the DJIA appears to have topped on September 19, 2014.

The chart below shows the DJIA closed with a new all time closing high by itself last Friday, September 19, 2014. This closing high marks the turning point for the market as it was confirmed by the negative market breadth and weakness from other market technical. Until the market proves otherwise, this turning point indicates the trend has changed from favoring the upside to favoring the downside.




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