INDU – The Art of Chart Reading Online https://artofchartreading.com A complete guide for day traders and swing traders of forex, futures, stock and cryptocurrency markets Wed, 22 May 2024 22:20:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://artofchartreading.com/wp-content/uploads/2018/06/cropped-aocr_background-32x32.jpg INDU – The Art of Chart Reading Online https://artofchartreading.com 32 32 Forecast: Where is Dow Jones Industrial Average Heading as of Oct 2, 2018 https://artofchartreading.com/2018/10/03/forecast-where-is-dow-jones-industrial-average-heading-as-of-oct-2-2018/ https://artofchartreading.com/2018/10/03/forecast-where-is-dow-jones-industrial-average-heading-as-of-oct-2-2018/#comments Wed, 03 Oct 2018 13:17:33 +0000 https://artofchartreading.com/?p=210 Continue reading "Forecast: Where is Dow Jones Industrial Average Heading as of Oct 2, 2018"

]]> Following is the weekly chart of Dow Jones Industrial Average.

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The 10 year STOPD level projection tells us where the likely maximum boundary for the current 10 year run will be. It is marked by the red horizontal line at the top.

Parabolic run exhausts itself on the 3rd round most of the time. We are reaching the end of the 3rd round.

Last 2 corrections / consolidations after each run last about 2 years.

It will be tough not to get a steeper correction.

You’ve been warned.

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