is this the djia sorted?

There are major retrace lines in the DJIA charts. The peak yesterday of 10300 was not accident (see below). Where we go from here is either (a) consolidate then to 11000, or (b) back down to 7000 or there abouts.

The DOW is over valued, and we appear to be coming to the end of 2 exceptional periods where value has been boosted by massive injections of liquidity.

Coincidentally (? or not?), this times well with the global debt cycle and the melt down of the US. It does not foretell the interelationships between all the markets, or what is going to happen with the USD.

Within the markets however, people need to be vigilant on where they invest.

If it's still upwards? Must be temporary as I think we are already on borrowed time.

If it's down, then we now have a target.

Hope this helps.
pw

DJIA long term - overall


DJIA - zoomed in