Geofftv1
Short

DJI - Gaps closing.

TVC:DJI   Dow Jones Industrial Average Index
My last idea on Mar 1st had DJI reaching a decision point!

Well, the decision has been made and in the short term at least a downward trend is in place.
The open gaps will be a magnet for this downtrend and the first gap is closed with the second
at 25055 in sight.

If correct I expect this first wave down to finish around 24984 which is the 78% fib retrace of
the prior impulse wave.
Good Luck
The Gov will do whatever it can to save face, and keep the euphoria going. But, when investors take a look at the real economics, the bottom will drop out and 2008 will be a picnic compared.
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Geofftv1 BankofEngland
@BankofEngland, I agree fully and expect the decline will start slowly and accelerate once investors wake up.
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@Geofftv1, There is no steam left. They can only drag the China Trade Deal nonsense for so long, but it doesn't matter, a trade deal can not fix a depleted consumer and slowing global economy. 20% drop in exports from China, 4-Billion dollar slowdown in US exports
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