Loading ...BAD OMEN FOR THE DOW.
It’s “turnaround” was firmly rejected at major resistance of the 50 DMA. It ended the day forming a bearish candle and in the red. I noticed that the last hour volume when the DOW was trying to rise was very weak, about 40 million compared to the last hour yesterday of 160 million. So thus far, it looks like the DOW will take a trip to the 200 DMA.
Getting all lathered up for a Dow crash eh North ?
Turn around Tuesday was a great trade….1000 points straight up
50% retrace….now maybe down to a double bottom…I’ll buy again there
Anybody aggressively shorting the Dow et al has been roadkill for 9 years
That wont change all at once IMO. IF its a top of this massive Bull it will likely take years to develop
Meanwhile…buy the dips
Good luck. But you are in for a big surprise, my friend. The so-called “experts” are going to learn a thing or two. The action today was unbelievably bearish. Just like bitcoin, weed, etcetera this parabolic bubble called the DOW is going to go right through your imaginary double bottom to the 200 DMA and I wouldn’t be at all surprised to see a bear market start. It is ominous you know when we can not point to a single sector that is in a bull market at this point. The DOW is next. Buy the dips. Be my guest. LOL.
Its a wonderful thing to be So certain North.
https://www.goodreads.com/quotes/602588-uncertainty-is-an-uncomfortable-position-but-certainty-is-an-absurd
….
I never said I was certain. But It is a strong possibility. That’s all. It is a TA difference of opinion. Simple as that.
pretty certain above !
Those DAMN Gurus are gonna get thiers …you wait and seeeeee
Thanks N.
Not a certainty, Gallo, but it could go south.
Could go NORTH too
🙂 🙂 🙂
Oh, I understand. I was watching myself today.
I’m Fully with North … or South … you know.
VIX remains in BEAR territory…