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Edition:  English |  عربي 
 MARKETS
Articles  Thursday December 15 , 2011 12:17 GMT
DJIA: Will History Repeat Itself!

Before the latest market crash where the Dow Jones Industrial Average dropped more than 7500 points, and while forming the major top above 14,000, the index had drawn a unique reversal structure illustrated on chart by the numbers from 1 to 10. At the same time RSI was moving in tandem with this price structure up and down waves. What is really amazing is that we are currently experiencing the same situation as the index has formed the very similar price action successfully completing the first 9 waves; are we going to witness the 10th, will history repeat itself?!

 

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