DJCFD:DJI   Dow Jones Industrial Average Index
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The 2018 crash and recovery levels
Comment: Quick support located at 20k, but it shouldn't hold once we get there. This prolonged downfall is running sideways longer than anticipated, but had a quicker initial drop - Still on Target for a November 2018 realized downturn. We are at a major resistance level across the board. Typically this is the point when fud news starts coming out about major companies and select companies dive 15-25% overnight on accusations, bad news, bad press etc. Dramatic negative effects.
Top of panic level about to get tapped which is where we will see another smack-down to the bottom of 'false hope'. This should give us the final bear moments where housing will also collapse bringing us to the 17-18k area and forming a nice bullish divergence which in turn will give us the leeway needed for our next bullrun.
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Quick support located at 20k, but it shouldn't hold once we get there. This prolonged downfall is running sideways longer than anticipated, but had a quicker initial drop - Still on Target for a November 2018 realized downturn. We are at a major resistance level across the board. Typically this is the point when fud news starts coming out about major companies and select companies dive 15-25% overnight on accusations, bad news, bad press etc. Dramatic negative effects.
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TheKujiras rebel_42mdx
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yeah saw that I see DJI to hit 23,333 this week. hope I am wrong. I am out of 90% of my investments right now.
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at the end of march I realized it is forming a perfect bubble pop. Looks like the dot com bubble of 2000
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