I was working on my Long Term trend detector, who’s back tested data, was posted today morning.
For a change, I programmed it with the DOW EOD chart.
I was surprised to see the amazing symmetry.
On 29 May 2009, it had confirmed the uptrend.
On 28 May 2010, it confirmed its re-entry into the bearish zone.
Oops. It was a laser precision one year.
Now what is the action going on… Trend reversal confirmed and the retest is on its way. Now that it has precisely touched the 50% level of the last swing (Not shown to avoid complex lines on the chart. you may verify it elsewhere) and is getting ready for the showdown. Now; when and where is the question to be answered?
What ever may be the result of the retest, the symmetry is amazing.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
