6 Tops, 6 Troughs, 12 Grinding moves up and down. How many to go, looks like it may go for 2 weeks to be exact December 14-15. Or, according to many indicators we could have al trough in already !
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Moment of truth whether we go down for another leg or NO !
IF Friday isn't final drop, which seems likely, than Monday should find final bottom. DOW already dropped for over 4 weeks so logical to assume DOW will lead on upside and also trail on final drop. Holiday season too strong along with new years celebration. Earnings next quarter should start to major drop going.
samitrading
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@gdleibow, Agree with you buddy, the Dow is finishing W5 of W4 just oversold like crashes oversold and it should lead the way up.
BlkGold
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One interesting new twist about yesterday's dip. Yesterday was the first time we saw bullish price action at the close of a down day. Keep your fingers crossed!
samitrading
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@BlkGold, True buddy & looks interesting week before us . Lets see what mkts give us next week.
Caroline86875
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It kinda looks like there will be some type of short term continuation upwards on Monday, just by looking at this chart. But I'm thinking on the longer term we will keep going down. On the weekly chart, we moved down to another moving average and we made a lower low from last week. But who knows buddy. Don't listen to me, you'll lose all your money!
samitrading
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@Caroline86875, LoL, lets see how this unfolds buddy, i'll watch the averages as well thinks for the heads up. Indicators are so oversold we could be bottoming soon.