Meyney wrote: Fri Apr 14, 2023 3:16 am
perhaps 5M chart is more clear. DJ told here he respects Dow theory so why shorting higher highs anyway?

I also want to draw your attention to the use the MRI lines. Look at the downward moving literally ends at the red MRI line, which should be interpreted as ... the price was not allowed into the sell zone. Accordingly, growth resumed. Pay attention to MRI too.