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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (56952)	1/31/2014 6:56:45 AM
From: Justinfo	Read Replies (1) \| Respond to of 222297

Yes, these emerging markets worries can persist for days.

To: GROUND ZERO™ who wrote (56952)	1/31/2014 10:44:55 AM
From: Kirk ©	1 Recommendation Recommended By DD™ Read Replies (1) \| Respond to of 222297

Two new charts. Second shows DOW lost first level of support but the next major support is close... Jan 31 Watch the Red Lines: Dow, NASDAQ & S&P500 Resistance and Support My Observations for the Dow, S&P500 and NASDAQ In October the Dow ( $INDU in my two charts) corrected to its 200-DMA than in November it surged to a record high above a dashed green resistance-turned-support line to the dashed-red resistance line. From this high, the Dow corrected to successfully test the dashed green resistance-turned-support line from above from which it rallied to a new high at the start of 2014. This week the dashed green resistance-turned-support line failed as support. I suspect a strong bottom would be the DOW touching its 200-DMA which it last did in October 2013. The S&P500 ( $SPX in the graphs) is also testing resistance turned support from above. The S&P500 is now testing the dashed-green resistance-turned-support line on the chart below. The S&P500 is ALSO testing the dotted-green support line. The NASDAQ ( NASDAQ Charts) briefly tested its 20-year support-turned-resistance-back-to-support line from above in October and remains very strong with a very small pullback relative to the Dow & S&P500..