This chart shows the correlation of the Dow Jones over time with the "official" Unemployment Rate here in the U.S. Its interesting at least to see how well the Unemployment rate dictates the tops and bottoms in the Dow Jones practically to a "T".
Please comment and let me know what you think of this idea...
Also, I have inverted the unemployment rate and applied the Heiken Ashi indicator to it for easier viewing and flow.
Please comment and let me know what you think of this idea...
Also, I have inverted the unemployment rate and applied the Heiken Ashi indicator to it for easier viewing and flow.
ノート
on the way down...ノート
ノート
Time to get out!ノート
ノート
Above there are 4 recessions on our one chart. The fourth one just occurred and we are beginning it now!ノート
February 11 I was telling folks to get out of the market. Read that comment above. I did, I pulled all of my cash out of the market on February 11th.
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免責事項
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.