Stocks & Commodities V. 37:13 (6–10, 30): What’s Controlling The Market? by Eric Morgan

What’s Controlling The Market? by Eric Morgan

When the movement of the Dow Jones Industrial Average and Fibonacci levels are in line, what’s it telling you? Let’s take a look at the Dow’s history and see if its movements are truly random.

All the talk about artificial intelligence (AI) today is so pervasive that it’s worth asking the question, “Can an AI footprint be found in the market?” By “AI,” I don’t mean computer-coded algorithms but rather a natural order that can be seen as patterns in the market. Let’s explore this idea by examining the history of the Dow Jones Industrial Average (DJIA) between the years 1896 and 2007 using daily DJIA theoretical highs and lows as found in the DJIA historical database. (The DJIA theoretical high or low is calculated as if all the component stocks hit their highs or lows simultaneously during the day) ...