DOW
9.5 Year low of a secular bull market? This post is for my future reference only. The previous two secular bull markets made a 9.5 year low before continuing their secular bull markets. Currently this year with the consolidation we have seen, price could be setting up to make a low this November/December where after the low is in place, the current secular bull market would resume to make new highs.
Second, everyone is a bear or bearish. All we hear is how long this bull market has lasted. However, we did have a bear market in 2015. Even though price did not correct 20%, the Dow, SPX and NDX corrected with time and burned off their bullishness. On Google Trends this past February, "stock market crash" made the highest search rating since 2004. Google Trends showed how quick everyone becomes a bear. This is a hated secular bull market.
I could be wrong 100% with my thinking, but if we witness a sudden drop in prices similar to February of this year. Where price holds the Feb/April lows as support, I believe price would go on to new highs. Lets say price breaks the Feb/April lows in a shock and awe plunge. With everyone jumping on the bear market band wagon, with hardly any bulls left, I believe it would offer at least a break even long on a reactionary bounce, if this time is truly different.
Time will only tell. Best to everyone at Tradingview!
Dow Jones : On the brinkIf closes below 23527 (i.e breaking the neckline), then sell, with SL: 26769, Target: 20285
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
HANG SENG magic levels all levels are mentioned on the charts , take a wise decision of nifty on that basis .
Mr. Dow - Uptrend in DiversionHi,
I think the dow is in a strong bullmarket – superordinate. It seems that wave 4 (purple in brackets) has completet it‘s mission already and ended as a triangle.
But: On the short term, I see a possibility to short it. Startpoint: red box. Endpoint: green box.
So the green box then is the startpoint of the long call. It could be the last chance to get chaper in the market bevor wave 5 (purple in brackets) gets stronger with targets around 27.000 up to 30.000 points. This means that there’s a great chance to start a long lasting long-trade – maybe for years!
Please be careful, because if the dow goes under 23,963 points, there's a posibility for my alternative count (shown as alt. in the charts).
Please leave a commet or a message, if you have any questions.
Take care,
tgo
infy !!! and my favorite color red ....will like to see it deep red upto even 1040 levels soon !!!!!!]
will that be possible
with stop loss of 1089 ...!
need to check
Dow JonesDow Jones looking good for bullish now fed news also out and finally its seems too good for long in range 24800-600 there is support level at 24,500 target will be 25,300 in next 5-15 trading days.
picture worth a thousand words....Demonetization really matters?
all economist have different view. what to follow?
Follow the chart bcz a picture worth thousands words..
honest view looking at chart. recovery may be rapid also than what i shown.
its forecast only. study purpose only.
