The DJIA follow the Moonlight chart, posted at FM last November 2008, prior to March 2009 Low and reposted December 2009. A bit off track by 4 months, but looks good.
P6 Foreign buying up 2,467,067,674 against selling 2,071,507,697. Profit taking put it down, 5 straight up on a negative sentiment dow is not bad at all. After all, trend followers need the money on the sidelines to push the market up, even better if that money is billions, but when all the money is in the market, then, be very careful, who would buy? During the 2005 bull market, foreign buying was about 3 billion per day. We a nearing that mark, 2B NFB for 7 straight days averaging 2.3B since June 1, 2011.
"The intent is to catch major moves, to indicate the beginning and the end of movements of importance. There is nothing complicated about it. The various phases will be absorbed quickly and with easy understanding by those who are interested." Livermore
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