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GlobalMarketSignals
1 Mar 2021 19:57

How Now Dow Cow? 

Dow Jones Industrial Average IndexTVC

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This is moreso a neutral analysis of the quarterly Dow Jones since it will take quite some time to play out. It's just a good thing to keep in the back of your mind as at the very least we are heading into a choppy/stagnant next few quarters.

The highlight is simply a 4 period ROC above 40 while price makes a new 10 year quarterly closing high.
**yes I know this quarter still has to finish, so we need to see how March affects this**

Obviously you can see that whenever this has happened price will typically pause and consolidate after such a hard run, apart from Q4 1954 where it just honey badgered it's way up... but also at the same time it can pick some nice multi-year tops. Ultimately time will tell.

Hope it helps,

Andre
Yorumlar
Henry_Ross
Top.idea!
arama-nuggetrouble
Hey GMS, Great Idea! Can you explain how the 4 period ROC highlight works?
GlobalMarketSignals
@nuggetrouble, thanks :) this is the code -> bgcolor(roc(close,4)>40 and close==highest(close,40) ? color.red : na, transp=70)
arama-nuggetrouble
@GlobalMarketSignals, Very cool thank you!!
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