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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: humble1 who wrote (40753)	5/21/2025 6:32:18 PM
From: bob_o	1 Recommendation Recommended By humble1 Respond to of 41030

Nice trading! WRT the Dow’s 125 DMA and that 5/16 geometry hit...There were 3 times in the past year where the Dow broke and closed below (i.e. slightly violated) the 125 DMA -- in May 2024 for 1 day, in August 2024 for 3 days, and in January 2025 for 1 day. So far, the Dow broke and closed 2 days above the 125 DMA. So that could potentially count as only "slightly violated." I think we need to see prices drop quite a bit further without going back above that MA for a decent confirmation that the highs are in. But today’s sharp move down was certainly encouraging. BTW, I should have zoomed in more on my Dow chart to get the correct line intersection with the 3/26 high to produce the geometry hit. Doing that puts the hit on 5/19 instead of 5/16! (I'm glad I noticed that, but also mad that I wasn't more careful before posting.)