DOW 1997 IS HERE

In the last WAVES.GLOBAL, we talked about seasonal weakness and the end of Feb or early Mar cycle should see lower prices. As anticipated prices are heading lower and DOW is nearing 1997 levels. Markets are always full of surprises, so the surprise for us now is not that whether DOW will reach 1997 levels but whether it will break them.
After moving sideways since NOV, broad equity markets are not full of tired shorts. These are fresh shorts, which are emerging out of TRIANGLES, which only assist in stronger hands replacing weaker hands. The reason they are called continuation patterns (INDIA). The final leg down is here. Don’t stand in front of it till you are sure of the bounce back risk you want to trade up. This is a weekly report and will be back next week, which will be MAR.
Time oscillators continue to suggest that end of Feb, early Mar is a key period where any bounce can be expected, not now. Most of the global indices pushed lower meanwhile SSEC, BVSP and SENSEX move from UP and TOPPING to DOWN. We have carried anticipated and happened cases on DOW, BVSP, NIKKEI, S&P, SENSEX and DAX.
The illustrated chart carries the TIME OSCILLATORS, which point to second week of MAR as any respite zone. Even the minor TIME OSCILLATORS are clearly showing no reactivity in price on the upside. A clear negative signal. Trade safe and see how conventionalism starts to decay in TIME.
Enjoy our latest WAVES.GLOBAL
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