Weak Long Term Dow Chart Patterns
I made a swag yesterday from the Dow skyrocketing, I assumed the current chart pattern would align with healthy historical chart patterns -- it did for short term chart patterns, but the long term chart patterns are an entirely different story. Counter intuively, it seems yesterday's performance was a setback to the Dow's long term performance, compare it to the previous close. Reference the 3, and 6 month simulations below, percentages below 70% are a weak indicator.
1 month(s) = 71%
2 month(s) = 76%
3 month(s) = 61%
6 month(s) = 61%