>>>John, the Dow just visited the 0,62 fibo retracement level at approx. 10760 and bounced off it... if this level falls, 10,500 becomes a must hold level<<<
Heinz, i am trying to update my oex chart and having trouble with the file, which i'm titling "line in the sand", i had drawn an inverted H&S pattern on oex, with a target that was met on 7/19, the correction bounced off the baseline of the inverted H&S today and the lower 20 day band - a 50% retrace off the move from late may, while i believe the pattern will fail the bulls have one last shot a bring this thing back from the abyss.
the dju is breaking down, must pay attention to djt to see if it breaks, many may poo poo Dow Theory, as many may poo pooing breadth indicators these days, but one would be stuck on stupid to ignore.
bb |
