DANGER ZONE (HIGH POLE IN THE HORRIZON)

UNLESS DOW CONSELDATE IN THIS AREA A DROP TO 27K WILL BE DANGEROUS (HIGH POLE FORMATION ON P&F 3BR-ATR14 )
AT 27K THE ONLY THING TO SAVE THE MARKET FROM A RAPID DROP IS TO CUT INTREST RATES WICH WILL FUEL A DROP IN DOLLER RATE AND A SPIKE OF GOLD
UNCRTINITY TO A TRAD DEAL WITH CHINA ALSO A NEGATIVE FACOR

DOW CAN'T KEEP GOING UP WITHOUT CONSELADATION.....

NIDAL

Comment:

however the bull trend is intact WITH strong performance of MAJOR stocks

Comment:

DJI is strong with solid grounds
target 30k on the horiozon
one rat cut can take DJI 2000 points easly to 30K
i am always worried with new highs I prefer to see consilidation arround 27-29 before the run to 30k
no matter what happens to DJI GOLD will go up
if dow tumbles money will fly to safty (gold)
if the FED cut rate 25 basis points dollor will tank and gold will climb like a rocket
Nidal

Comment:

Dow droped 1% not bad consoladation on the way
30K next year
more rate cats (maybe 2 X 0.25) will take the DOW beyound 30K
expect more weakness and a period on consoladation between 27-29 K next few months before the Dow takes off higher
best wishes
Nidal Alzubaidi

Comment:

Don't think a 450 negative points on the DOW is a bad thing
it is good consolidation here is (27-29) needed also it will force the FED to cut rates maybe Q1 2020 thats good for the 30K target
also it is good for weaker much needed $
goood for gold & silver every body wins
good trading
Nidal Alzubaidi