Joe Friday: "Emotipoints Converge
as Margin Debt Hits Record Levels"

By Chris Kimble of Kimble Charting Solutions
June 28, 2013

 Print Page    Email Article    

Bookmark and Share

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.


Do the 1982, 2002, 2003 closing lows and the 1987, 1999 and 2007 closing highs have in something in common? Yes!

They are emotional extremes, Key highs and lows in the Dow reaching back to the time when President Reagan was in office.


 

 

Joe Friday: The "Emotipoints" converge in the Dow at (1) in the chart above.

The convergence of "Emotipoints" suggest this resistance is pretty strong in the Dow at the same time Margin Debt is near record levels and net cash available is near record lows!

 

 



For information about Kimble Charting Solutions, send an email to services@kimblechartingsolutions.com.

 

 

 

 

Print Page    Email Article
 
Remember, if you have a question or comment, send it to .
Website by the Boston Web Company