DOW

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...vezBOD%2Fxk2mzwM4%3D

gapped below the trendline and the 50 day ema line which is about as as bearish a signal you can get imvho....
that should provide the momentum trigger for more down imho....

rsi is just about holding on for now....
the bear setup is here....if this doesn't drop now....and rallies back up....then the bears are pretty much done for imvho...

lets see...it does seem the markets have suddenly realised whats going on in the world!
its not going to a quick V shaped recovery by any means in my opinion...

atb, wdik, dyor,
trendfriend

Hi, since there is 5 waves move up, i think it could do double correction or even go to new highs(it would make no sense but we live in strange world so who knows), just an idea

Has the 20 day and 50 day moving average just crossed over, suggesting a bearish market move?

madmaxx wrote: Hi, since there is 5 waves move up, i think it could do double correction or even go to new highs(it would make no sense but we live in strange world so who knows), just an idea

Madmaxx,

good to see you man! the ol' gang is coming back one by one

let's hope CT, RedChilly, WaveSurfer, Greville and the gang stop by!

On the Dow, yep, two down days and this session looks under attack - it's not pretty, but it's a trader's dream.

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...IFrbD70BzraZiSe3d8w=

be interesting to see how this closes imvho....
second gap down today this time below the 20 day ema line....but will it close below or rally and close the gap!!

the rsi is still holding trendline support and the neutral 50 level....

really is bulls vs bears tug of war....today could well decide who wins the fight for the next leg imvho....
this has rallied up to retest the 20 day ema line today just below 23600....and failed....

atb, wdik, dyor,
trendfriend

Anyone got the latest chart?