Loading ...Dow Correction / Consolidation
I am CERTAIN the Dow will drop to the 200 DMA….and it will double bottom there . That is also where the first Fibo awaits.
a 15% “correction”
Then off it goes crushing the Shorts yet again.
This is for sure ! My Guru told me so.
🙂
the old double bottom trick! Good time to the 200 would be now, why not, lotsa gravity and slim volumes to fight with. Might not be this week or next but I will go out and say in May. Might as well drag it out and collect as many shares to sell on the next upleg. Some chop chop be good for a change.
Sounds like you work for da Squid
🙂
At the 200 dma we will see if this DOW is going to change into a bear. If the other sectors, including Bonds, keep tanking, then I am betting on a DOW bear market. Watching.
Glad that your Guru woke up and told you the same thing I did in the post below. LOL.
And I posted that same Fib chart days ago, with the exact same bottom starting point. Hey, Graddhy, I need some help. 🙂 It’s okay, Fully, great minds think alike and become CERTAIN about the same things, even if one great mind is a few days ahead of the other one.
You don’t need any help with your opinion of yourself as the REAL Guru North…but if you did graddhy could help
How’s your trading going…that’s the real test of greatness.
To be truthful, Fully, I’ve been out of the market for days. I don’t usually short and I believe every sector that I am interested in is in a bear or a consolidation. So Cash is a position for now. If things start to look promising, I will be back in. 🙂 Anyway, GLTU and GLTA.
Mark my words, 100,000 Dow before the end of this secular bull.