DJIA - the big picture

It's good to regularly step back and look at the big picture.  The DJIA chart below is now sporting a very solid looking throw over of that huge expanding triangle.  Forgetting the detailed wave count for a minute, this throw over has the right look to it that supports the idea that it has peaked. 

Could it go higher?  Of course.  If I thought it was impossible to go higher then I would not be in skittery mode on TVIX.  I would buy and hold without using stops.  Models are just models.  Mine have gone bust on many occasions.  But they still have value because at least they tell you when you counted incorrectly.

Even the sophisticated models used by LTCM were wrong and those in use at the federal reserve have margins of error.  In fact, what do you think they are referring to when top dogs in the government (especially the military) talk about they "danger of miscalculation" by the other side?  Gut-feel style judgment calls do not use any calculations.  War games, political gaming theory, and other statistical games use models which are nothing except calculations.  They run on computers, not in the flawed minds of humans.  Don't kid yourself about this.  Despite appearances, the world around us is growing less and less random as our technology increases.

When that upper rail breaks down, look out below.