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. You must log in to see and participate in our Dinar sections.

Ever heard of Bitcoin? I encourage you to veiw my 4 minute video about the Bitcoin of Health Care CoinMD. Just load CoinMD.io/StylesMD set up a free 30 day test ride and contact me as needed. I have a Facebook informational page you can request to join for all my mist updates.

Neno

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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2017


The Dow Pressing Higher?

Share
avatar
Lobo
Moderator
Moderator

Posts : 26969
Thanked : 1437
Join date : 2013-01-12

The Dow Pressing Higher?

Post by Lobo on Tue 19 Apr 2016, 16:39


This is perhaps the most bearish rally in history. The number of people yelling that the market will crash 80% to 90% is still amazing and the number of short positions remains at record highs, proving this rally is far from over. Now we approach a cluster of Weekly Bullish Reversals below the former major high of 18351.36. The three reversals providing resistance stand at 18138, 18230, and 18289. The technical resistance stands at 18580 and 18956. So even if we were to break through to new highs, we are not yet ready for lift off. We can see that the oscillators are not at record highs. Only a weekly closing above 18289 would signal new highs ahead. Breaking above 18000 shows we are pressing higher. So watch the cluster of resistance for now as we move into next week. After this rally peaks, we should then pull back and retest the Downtrend Line in purple in the mid 17500 zone. Building a base above that level will be extremely bullish for the future, but that may be asking too much just yet.
https://www.armstrongeconomics.com/markets-by-sector/stock-indicies/dow-jones/the-dow-pressing-higher/

    Current date/time is Sun 21 Jan 2018, 23:33