After nearly 2 years i´m gone resume the analysis made in this post: http://ifibo.blogspot.com.es/2014/04/dow-jones-for-next-decade.html
I have little to add to the next chart, everyone should know in which moment of the market we are and it´s pretty obvious that the BULL MARKET have ENDED or its very near to it´s end.
Next Big move will be LOWER AND LOWER and maybe even to the 7.000 points by the year 2019 or 2020.
So taking that in mind, be clever and dont´try to get the lows. In every market there will be ups and downs, and there will be bull stocks, but those will be much more difficult to catch, because most stocks will go down and some could even dissapear.
I have put several rectangules marking the important turning points or big supports, the first one could go around 8500 - 8000 points, the next its the one i think it´s much more important around 6800 - 6500 area.
Althoug it can even go lower .......... but those are the levels to be thinking of turning bullish again, until then, get your money out of stock, and relax with liquidity in your pocket.
No one knows the future, but with the learning of the past, we can try to anticipate what can the future do, and with Green and Red Arrow i have mark the turning point since 2002.
Good Luck and Stops always in the markets.