Melbourne Qindex 11:05 GMT March 11, 2011
DJIA : Major Cycle High at 12418: Reply
DJIA : Major Cycle High at 12418
It is likely that we have seen a major cycle high around 12418 in last month at February 18. As shown in the monthly cycle charts the bias is on the downside when the market is below 12239. If the market downward trending momentum is strong enough to penetrate through 11833, the market will head for 11427 later this month.
DJIA : Monthly Cycle Charts