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Relmor

Technical Analysis Chat Session in Chat Wednesday July 14th

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10 PM Eastern, Wednesday, log into our chat room and have freestockcharts.com loaded and ready to go. Thank you.

Hope to see you there.

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Dow theory.

Primary Trend. Up in this case.

Secondary Trends.

Minor Trends.

Dow theory states stocks will bottom, uptrend, top, and downtrend, or in the reverse.

There are clear trends.

Volume is a key indicator.

Larger pattern will follow and trade in similar smaller patterns.

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Here is the secondary trend.

Notice the similar patterns, and the break up in the primary trend direction every time.

This is the pattern within the pattern.

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This chart looks at volume in dow theory.

As price declines away from the primary trend, volume should drop. This is a buy signal in DOW Theory. Flatlinning prices on down volume, or price drops with no volume. Return to primary trend is due.

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Example of holding it up. MFI clued us in if we noticed closely. No new highs in price, drop in MF. Indicated a reversal coming.

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ADX lines measure trend strength, and identify reversals. Green line should be over the white. Postive line and a negative line.

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Major wave 3 of 5 and its 5 part waves. This is wrong, as wave 3 cant be shorter than wave 1. Sorry about that.

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One more thing I forgot to mention about DOW Theory. DJIA and transports must both move up.

Modern propenents say when s&P and russell 2000 make new highs together this is a buy signal.

Discounting the effectiveness of the dow and just plain physical transporation stocks. The theory was if the economy is good, things move. If its not, they dont. :D

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