DOW

Waverider2,

Yes, I would say a false breakout, it's dropped every since.

Start of wave 3 potentially?

What appeared to be a breakout seems like a takeout. The price action yesterday was very bearish - and yes it was doing higher high, but that may stop and take out the recent lows.

Watching , but have a short with a view of adding more shorts.

Hi Trendfriend,

What happened to the drop and the bear market?

Did I miss it?

We are making HH, HL, above the 20,50,200 MA.

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...kAfQX7nhhiC4LWCraIQ=

this looks shaky currently.
sustained period below the 200 day ema line on the daily. failure to get above the 20 day ema line(brown line)
currently looks like its forming a triangle pattern.

look out for a breakdown
having said that....over the years this finds a way to recover when all looks lost!

so lets see...normally it would bounce back much quicker...watch 32,272 ultimately

atb, wdik, dyor,
trendfriend

I'll keep watching.

I thought the DOW target would be around 27500. 50% fib.

Has anybody looked at the Grand supercycle? Thats a little ominous.

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...dlJJ5L7zDbxndz3mk%3D

key current support levels for the dow.
I dont understand why everyone is so bearish on these markets. From a technical perspective....no real evidence of downtrend/bear market imvho..
We hit the support level near 33128 yesterday and bounced.
We did get a lower low...on the dow in Feb....but this has bounced back and it looks like a bear trap reversal.
I would only look to be bearish or short if we go below 32,271 area
I think the fed has been waiting for the sellers to clear before they pump...pump again!

ftse - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...1Q4ZU4Y8HsIU9QNas%3D
Only look at down targets on ftse on eod close below the 200 day ema line feature on the daily chart.

atb, wdik, dyor,
trendfriend