Dow testing 1999 highs by Chris Kimble | Jan 18, 2011 | Kimble Charting CLICK ON CHART TO ENLARGE A few viewers ask what the long-term chart of the Dow looks like. Currently the Dow is testing a level that was key back in 1999 and 2008 as well. 4 Comments Chris Kimble on 01/19/2011 at 8:58 AM Nemo….Great question….anything is possible, yet not an ideal pattern. Per the H&S pattern being at hand, you want the right and left shoulder to be about the same distance in time from the head. Would be odd to see the left shoulder 7 years from the head and the right shoulder around half that distance in 4 years. Chris Kimble on 01/19/2011 at 8:55 AM Warren… Use trailing stops? Unless a support line becomes a hard stop, establishing a certain price point, Yes I do use trailing stops. One is ALWAYS in place. I don’t mind being wrong, I do mind being wrong for very long! Most platforms allow trailing stops, based upon a certain percentage you personally establish. WarrenZevon on 01/19/2011 at 8:25 AM Chris, Do you actually use Trailing Stops? How would you calculate them at these levels for various issues? (Do you use some formula based on ATR? I would love to know what you advise.) Thanks! Nemo on 01/18/2011 at 5:25 PM What are the odds that 2000 represents a left shoulder, 2007 a head, and 2011 a right shoulder?