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


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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


Neno

I can be reached by phone or text 8am-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

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Is the Dow Ready to Crash?

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    Is the Dow Ready to Crash? Empty Is the Dow Ready to Crash?

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

    Is the Dow Ready to Crash? DJIND-W-8-4-2016
     
    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?
    Is the Dow Ready to Crash? DJ-GMW-M-8-4-2016
    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.
    https://www.armstrongeconomics.com/markets-by-sector/stock-indicies/dow-jones/is-the-dow-ready-to-crash/

      Current date/time is Thu 28 Mar 2024, 5:52 am