The more i look at the dow....the worse it looks...
The whole technical structure built over 10 years....has been dismantled in a matter of days!
This bear market could make 2009 seem like a day out at Disneyland imho...
This needs to hold the 18,000 to 18,200 area....(i'm still hoping we hold that number here)because if that level fails....i don't see how this can be saved from a accelerated sell off....possibly down even to as low as 10,000 area imvho...maybe i'm overreacting...lets see...
Really not that many strong supports between 18,000 and 10,000.....
dow - weekly
uk.advfn.com/p.php?pid=chartscreenshotsh...Lg1wSsygxighaTaGo%3D
Away from the markets and charts...i was talking to a medic friend...and things don't look that great in his opinion....prospects not looking very good in terms of how the nhs and we as a people and a nation will be able to cope....
I do feel a tad despondent in terms of whats going on especially here in London...where a lockdown looks imminent....
I'am absolutely fine, as is my Family....but i'm just not in the mood to trade or even really look at charts...I saw the trade on sterling when 1.20 level failed...and the bounce of the support line on the dow....but didn't take it...
I may not post that much for a bit....lets see...i will pop in form time to time...I just prefer happy days...maybe its because i'm just a happy bull at heart!
I do hope and wish all you have safety in these testing times...please do your best to look after those around you...
stay safe everyone.... and all the best...
atb, wdik, dyor,
trendfriend