Last week, we reviewed the action on the Dow Jones Industrial Average (DJIA). The date of that chart was September 27, 2011. In light of yesterday’s activity in the stock market, I have prepared a short, two minute video to review what is happening — just one week later. The great thing about point and figure charts is they allow us a clear view of what is happening RIGHT NOW.

We do not have to be bothered with predictions of where the market is heading.

If you are relying on a blog post for specific investment advice, you are making a huge mistake. Please speak with an investment adviser before making ANY investment decisions.

If you do not have an investment adviser, we encourage you to contact Mullooly Asset Management at 732-223-9000, or through our website. Under no circumstances should the content discussed here to be considered specific investment advice. The postings and videos on this site are my own and do not necessarily represent Dorsey, Wright & Associates positions, strategies or opinions.

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Please contact us at 732-223-9000 if you have questions.

Now Go Talk About It!