$COMP/$DOW - Chart: Long Term Reiterations Last About 275 Bars

COMP - Chart: Long Term Reiterations Last About 275 Bars | #COMP #DIA #DJIA DOW


Friends of 4xQuad:

Worth noting the long-term trends in the form of "misfit" re-interations that have occurred independent of the much longer supportive trendline. What is remarkable is that each of these market impulsed have lasted about 275 weekly bars, or an average of 64.1667 months.

Using our own proprietary forecasting, we were able to a probable area of significant resistance in the 5794.30 vicinity.

At this point, our directional bias has become guardedly neutral, despite a n obviously bullish trend, based on the nearing of a 275 week cycle, combined with a corroborating forecast from 4xQuad.com

Cheers,


David Alcindor | 4xQuad.com
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