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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: SirWalterRalegh who wrote (162437)9/11/2020 7:56:23 PM
From: TobagoJack  Read Replies (1) | Respond to of 217671
 


SirArmstrong scribbled below ask-socrates.com earlier and seems to indicate that Nasdaq weak, and S&P / Dow Ok

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In the Dow, we have closing resistance at 27725 but a closing below 27660 will keep the market poised for a further decline [TJ: closed @ 27665]. The main bank of support begins at the 26500 level. The Dow is not in a position for a complete panic sell-off just yet. We still see that the NASDAQ will have the greater percentage decline compared to the Dow.

The NASDAQ will remain in a bearish position with a closing below 10855 today [TJ: closed @ 10853] for the week. A panic type sell off become more possible with a closing below 10395.

The Cash S&P500 also to be in a weak posture with a closing below 3,339 today for the week [TJ: closed @ 3341]. The main support lies at the 3,200 level

Even the Dax in Europe closed neutral below resistance which stood at 1312000