This post is an update of the long term chart of the Dow Jones Industrial Average I posted in July. The 4×1 Gann angle provided support to the 2002 bear market. If this angle stops the run then price will move down to near 8500.
The range from 1982 to 2007 shows the translated 1×2 Gann angle around 8800 which is about 5% lower. The 1×2 angle from the 1982 low is near 7800 and down 10%. All of these levels could be easily hit in the next few days.
Tags: Dow Jones Industrial Average · Gann Angle FanNo Comments
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