lu1977hk

lu1977hk Updated 

Historical DOW Chart since the beginning of 1900... Let's put things in perspective! Short term the dow may reach the strong support zone around 20000, long term it will continue climb!

lu1977hk

It may go back to 2600 but it's unlikely it will fall below the long term support line.

lu1977hk

Do you agree? As the pair is the combination of EUR/USD and USD/JPY, such a scenario implies a strong yen and weak euro coming.

lu1977hk Updated 

Not sure about you, but i'm starting to fasten my seat belt. The ride may still go up to the 8.500ish and likely into all October, but a reverse is more than due and will start from a pick similar only to Mount Everest!!. Let's start getting ready!!!

lu1977hk

Everybody is short....

lu1977hk

We may be ready for the final C wave. Will it retest the previous lows at around 99/100 or target even lower?

lu1977hk Updated 

let's see how it reacts and if the long term downtrend will resume anytime soon.

lu1977hk Updated 

Watch the dollar bottoming & Reverse, that would trigger the shorts...

lu1977hk

Regardless if we are topping wave 3 or wave 5 of this uptrend, we should likely have entered the last upside path, to be contained by very long term trendiness.

lu1977hk Updated 

Break of ascending TL since October 2016 will trigger a fall till 117 area (ascending TL since July 2016) Descending TL since May 2015 should still offer good resistance levels (stop loss).

lu1977hk Updated 

it's at TL since 2015 - Either it retraces following the downtrend TL or it goes up to 116-17( Next Down TL)