The Predicament for The Federal Reserve ...

By: Marty Chenard | Tue, Aug 12, 2014
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The long term DJI picture is really worth updating today. Below are two DJI charts going back to 1927 ... one is a simple yearly tick chart and the other is a semi-log tick chart.

When looking at both charts, note that the current level is at the top of an expanding wedge pattern which cyclically should be moving down to the bottom support line. This is the predicament the Federal Reserve is in now.

They want to keep pumping in money until the economy can function on its own without QE money, but they are running out of time due to where the DJI is in its cycle.

DOW 1930-2014 Chart

This chart shows the DJI plotted in a semi-log format.

DOW 1930-2014 Semi-log Format Chart

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
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Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.

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Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/