Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.


For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017

Ad Space M-1

Board Rules

October 2016


Calendar Calendar

Ad Space M-2

Revv Worldwide

IQD/Oil/Commodities Charts


Ad Space M-3

Top posting users this month

Ad Space M-4

Is the Dow Ready to Crash?



Posts : 16500
Thanked : 805
Join date : 2013-01-12

Is the Dow Ready to Crash?

Post by Lobo on Fri 05 Aug 2016, 2:29 pm

QUESTION: Marty; Some people are calling for a 1987 crash now because the Dow has declined for 9 days and that is a prelude to a crash. Is there any validity to this pattern?

ANSWER: No. The technical support clearly lies at the 18110-18120 level. This should be a normal retest of that support. The Global Market Watch pattern recognition system picked the high and warned that there may be a “Possible Change [in] Trend to [the] Downside” (Pattern #15790). We have warned that July was a potential high and the next target will be September. The key is the Weekly Bearish Reversal at 17470. A weekly closing beneath that level will signal a correction. Otherwise, a closing today above 18560 will signal that the market can still press higher. Exceeding the July high in August will warn we could move up into September. Daily closing support lies at 17915 and a closing beneath that is required to signal any kind of sustainable correction near-term.
The last entry in the Global Market Watch is always D Y N A M I C, meaning it will change with the daily movement. The GMW assumes that that the month has already closed each day until it does. So this last entry can still flip. Since we did elect a Monthly Bullish Reversal at the end of July, this warns that we may yet press higher. So be careful. It is not always what it seems.
WARNING:The Global Market Watch is a tool that alerts you to the trend. It is NOT a trading tool by itself. This is PURELY a pattern recognition model. The arrays confirm timing and the reversals confirm specific price objectives. This model has logged nearly 60,000 patterns across all markets.

    Current date/time is Sat 22 Oct 2016, 11:08 am