Just to add to my last post identifying the 2-day diversion pattern on cable, and for those who overlook diversion in their analysis, here's a monthly chart showing the diversion on the Dow Jones Industrial Average, which I trade, at the end of 2019. I posted it on this forum warning dow traders of a potential correction. Of course, I knew nothing of covid, only what my charts were showing me, and we all know what happened in the early part of last year!
Ignore diversion at your peril!
Ignore diversion at your peril!
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