Before that ever happens, I'm afraid we will see massive recession and, equally, massive unemployment.
BTW, as I've stated elsewhere, I don't think we will see the ATH again in our lifetime.
Before that ever happens, I'm afraid we will see massive recession and, equally, massive unemployment.
BTW, as I've stated elsewhere, I don't think we will see the ATH again in our lifetime.
My Dow quarterly chart shows support @ 23059 broken (obviously duh) so unless it is regained before quarter is out (12 trading days left) next support is not till 18280 - or 2900 points lower from today's close. I'm not a Dow Theory proponent but TRAN is in even worse shape. IMO eeeeeverything looks lower.
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Well, it's very unusual for a technical trader to consult a quarterly chart. If you use the quarterly as your guide, by definition, you're an investor, not a trader. If that's the case, it's even stranger for an investor to base his decision on technicals rather than on fundamentals (eg. P/E, EBITDA, etc). Just a thought.in 10 years we haven't had 2 consecutive bear bars close, so odds say unlikely to
happen next quarter.
Not really, it went up by only 1.3% from where I called the top, which is negligible to the 28% drop we're now seeing from the ATH.Wait a minute.. You said that a couple months ago, and we DID see new ATH. Now yer curve fitting yer own statement!