Additional research shows Engrbytrade™ daily trade pattern structure calculation charts reflect patterns identified in the following Dow charts. The 2024 angle of support is 8.92 degrees during periods of Exchange Insider distributions. A pattern similar to this occurred during mid-1972 and late 1973 to early 1974 using a support angle of 15.39 degrees. It also occurred between March 2007 and August 2007 with a support angle of 20.03 degrees. Large quantities of stock were distributed during this time frame.
The Stock Exchange abets its specialists’ merchandising strategies by training investors to address their attention to business statistics, economic data, and other concepts that have but limited relevance for investment purposes.
Richard Ney, Wall Street Gang, 1974, page 85
Stock charts courtesy of StockCharts.com.
