Dow Update (re-post of the April 24th newsletter)

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The Dow yesterday touched the converging alpha & beta upper price pressure curves and closed below them, as you can see below. Overall, the price action for this week has been very well contained within our curves.

Time-wise, we are well within the time window for action. So, we are keeping a close eye on this one…

Now, an interesting point to bring up here is that the convergence of pressure curves is a very unique phenomenon, which does not occur very often; but when it does, it amplifies the powers of the two curves, as we saw this week.

This particular convergence culminated on April 16th/17th (i.e. last Thursday/Friday). The big range day on left in the picture below was the 17th.

Dow 20150423

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