Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 677.58

-2.0%

Jan 20 4:00 PM EST

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To: Hawkmoon who wrote (142873)	3/28/2020 4:53:35 AM
From: GROUND ZERO™	3 Recommendations Recommended By GoodGord Hawkmoon Katelew Read Replies (6) of 222132

Here's a weekly cash DOW chart going back more than 20 years, that video didn't show this chart... A line drawn from the tops in 2000 and in 2008 extended to today shows the bottom tick of this recent decline comes exactly to that line... This is a strong line, so it has to hold otherwise we're looking at more selling, my hunch is it should hold... Notice the increased volume at the bottom of this chart... I thought you might find this chart interesting and noteworthy... The highlighted price on the right side of the chart shows where it closed yesterday, at 21636.78... It would make some technical sense if we did pull back to test these recent lows and then begin a healthy recovery rally... I think a lot depends on the progress of the counter virus efforts right now... GZ

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