PCLN expansion

Social Media Suspension

Hey everyone,

There has been a suspension in my blogging activity because of an answer I was seeking with facebook.....

I have been writing on this channel with the knowledge that most of the viewers here were facebook "friends" and I was drawing most of this channel's attention from people in my facebook feed, but for now I am finding a resolution where I can still connect blogspot and facebook together without me necessarily having to post directly from facebook.

Notes on the DJIA in general for this time zone and seasonality

• State of trend: sideways to down, but highs are unconfirmed to buck a new uptrend
• It was a very weak resist point at 25,343, which was completely overtaken in the following weeks
• The spinning sideways made for many peaks and valleys which would have been a good range trading environment
• Consistency of DJIA being a laggard behind the other main market indices

The aspects of this chart; compared to earlier June corrections

• Zone includes a range of 75 points above 25,500 where the DJIA met powerful resistance
• Series of lower highs got expanded, essentially "bought more time" to make it seem like the rally continued but delayed another correction 
• Elements of the recent average true range over two days ares showing more signs of revived volatility:  rally for 485 points (Jul 27) , corrective sequence for 306 points, throw back of 216 points, morning purge of 375 points 
• Depth of June correction lasted 1,325 points!

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