It has been a while since the last update to the long-term charts linked from the DJIA update page. I updated them and posted all new versions tonight. I actually completely re-did them today and made some changes to the way the weekly looks.

The thing to keep in mind right now is the short-term pattern and what it says about whether we’re turning or not. We know that there are long-term patterns that would support a turn down from near current levels but it’s only the short term patterns that can tell us if a turn might be starting.

David