FXTA
Short

Potential Decade long Bear market

INDEX:DOWI   DOW Industrials
54 0 0
Basic structure trading indicates a potential Bear market for the next 10+ years. This is a yearly chart and it will be interesting to see if the Dow Jones crosses back into that 14,000 - 7,500 zone. If it does, i think there's a good chance we will continue to collapse over time. The last significant resistance level was back in the 1970's around 1,050. "Logical" thinking says "No way will the market ever drop that far down" but what do you expect from the masses of people who grew up only knowing what an up market looks like. Fibonacci shows a 1.69% Ext around 1150. First Warning sign would be for Dow to break and close below 14,000 and the second critical warning would be a break and close below 7,500. After that, Get ready for some tough economic/financial times (Unless your short of course). Potential once in a life time opportunity.

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