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Dow results today

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    Dow results today

    I find the DJI really difficult to chart successfully. Likely because it is an indicator of 30 different stocks
    Anyway, today the charts are saying what most likely knew and that is there will be no quick fix.

    It will be a struggle to recover to any level seen from Mar 2019 through Feb 2020.
    Further losses in the next while will open up a test of 21,000.
    A complete blowout as the year progresses would find a range of 12,600 to 21,000 as sustainable

    AS I said the DOW chart is fickle so who knows.....

    #2
    Originally posted by farming101 View Post
    I find the DJI really difficult to chart successfully. Likely because it is an indicator of 30 different stocks
    Anyway, today the charts are saying what most likely knew and that is there will be no quick fix.

    It will be a struggle to recover to any level seen from Mar 2019 through Feb 2020.
    Further losses in the next while will open up a test of 21,000.
    A complete blowout as the year progresses would find a range of 12,600 to 21,000 as sustainable

    AS I said the DOW chart is fickle so who knows.....
    A real big bubble got popped by a really big pin. TSX however was already beaten to a pulp.

    Comment


      #3
      YMM, DOW June mini futures, locked limit up for about 1 1/2 hours. Fickle indeed....

      Comment


        #4
        Originally posted by farming101 View Post
        YMM, DOW June mini futures, locked limit up for about 1 1/2 hours. Fickle indeed....
        Gold up $200 an toz in just 36hrs. Largest move ever?

        Comment


          #5
          people are starting to panic and gold is the only safe haven.

          Comment


            #6
            Originally posted by farming101 View Post
            YMM, DOW June mini futures, locked limit up for about 1 1/2 hours. Fickle indeed....
            Dow still up over 7%.
            Chance of stimulus packages in US this week.

            Comment


              #7
              Bottom was friday or monday likely. Trump will reopen the country by easter. There is no other choice.

              Comment


                #8
                The bottom may be in for some things but likely not all. Serious reset for some portions of the market.

                There may be the classic v-bottom for some things but for other areas there will be more weakness waiting to take it down further.
                What had value on February 12 may not be needed at all now

                Comment


                  #9
                  Originally posted by SASKFARMER View Post
                  people are starting to panic and gold is the only safe haven.
                  i would take land over gold any day

                  Comment


                    #10
                    Originally posted by farming101 View Post
                    The bottom may be in for some things but likely not all. Serious reset for some portions of the market.

                    There may be the classic v-bottom for some things but for other areas there will be more weakness waiting to take it down further.
                    What had value on February 12 may not be needed at all now
                    thats what i think , we are onto real world problems now , not unicorn shit
                    like , are we gonna have enough to eat ? or enough heat for our houses?
                    protesters that took canada to its knees a month ago should feel real "special" now

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