Update on DJIA: Dec 14, 2015

In our October update on the Dow, I noted how the white .786 Fibonacci retracement at 17,712 represented not only a legitimate harmonic reversal point, but the intersection of rising and falling channels.

But, I also reminded members that:

…the Dow is one of the least reliable indices to forecast using patterns and Fibs.  It’s just too easily/heavily manipulated.

The reminder was timely.

continued for members…


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