Big Channels are the Highway

By -

The more data you have, the easier it is to see critical levels.
Highway
The 200 years of data below removes any doubt which levels are most critical should a 2008 crisis ever occur again (in 2014 just saying!). Post from readtheticker.com

The close up of the chart below.

DW2

The long view

DW1

 

Investing Quote…

..“The only way you get a real education in the market is to invest cash, track your trade, and study your mistakes…. The examination of a losing trade is tortuous but necessary to ensure that it will not happen again.”..

Jesse Livermore

..”October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”..

Mark Twain