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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


    The Dow Pressing Higher?

    Lobo
    Lobo
    Moderator
    Moderator


    Posts : 28411
    Join date : 2013-01-12

    The Dow Pressing Higher? Empty The Dow Pressing Higher?

    Post by Lobo Tue 19 Apr 2016, 3:39 pm

    The Dow Pressing Higher? DJIND-W-4-19-2016
    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 Thu 28 Mar 2024, 9:42 am