DOW

hey jackozy, nice to see you around after a long time.. I guess markets like this brings everyone back . Nice seeing you mate. Hope all is well.
remo

Hello everyone - how are you all?

Interesting times indeed! Probably like many of you I've been waiting for a significant correction for some time but I confess I thought it would come from a major middle east conflict (Iran/US) or a default on US debt (would just be fake news anyway, right? ) but who could have known it would be a tiny wee virus that would do it??

If the count in the attached Dow chart is right (not a given) then a close below c. 24400 today means we drop below the uptrend support from the P2 and P4 lows - that's classic wave 2 territory. Main uptrend line is c. 21000 at the moment.

Look at the support at the 50% and 61.8% retracements - again, typical wave 2 targets.

Remember - protect you positions and don't catch falling knives (or coronavirus!).

US Markets halted....

Yep, a 2000 point drop does that.

(there's a link in all this somewhere.... we might yet discover what it means to be human, but maybe only briefly!)

But for now, let the dice fall where they may.

dow - daily. (chart from thurs 6 March)
uk.advfn.com/p.php?pid=chartscreenshotsh...r4yO1vDcMDL5jgh4g%3D

Comes back to this chart....a gap below the previous low looks likely today.....

dow daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...JTu4XLBHoqRpRslck%3D

21707 next key level...

atb, wdik, dyor,
trendfriend

The futures are going mad right now....oil down more than 20%, dam,,,,Dow Down 1100 points,,,,dam,,,ftse coming down 350 points..dam...
It’s going to be a crazy Monday so hold on tight as this just got real...

hi TF, thanks once again for the input.
As usual, the good old collaborative, supportive vibes of Chartsview (that we have kept intact from way back) is such a refreshing and comforting change to any other BB and so very precious

Yeps, I would be totally out of my depth and it would be a risk to capital, I should know better haha

I will possibly take a little piece of CPI if it dips to 59p again, but I see directors have purchased to try and steady the drop, lets see.

I still have my GKP holding too...with the dividends and the OO shares I am still around 50% down so will look to add there once the rout is over.

Stay safe people, it could get difficult rather quickly !

Ade