dow oct 19th

my best guess take on the dow

This is what I am looking at.
The DJIA Daily chart and the ASI (accumalative swing index)
If the ASI confirms a break lower than the recent swing low, we're going down.
If the ASI doesn't close below its swing low and the DJIA does, I see this bouncing up to 14000


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I think this could be make or break time in the very near future....
screencast.com/t/l1Rq9r34ms
..... hope I'm wrong!

hi roxalana

Its not a major support so a bit risky to go long there. Its only a minor level.
13296 is the area where the dow broke out from so that maybe a good level. Problem is we are so close to that level so its even a bit risky.
The best level to go long now will be the main trendline at 12990 mark roughly. so you would use the psychological level of 13000.


dl.dropbox.com/u/4899609/dow20thoct.jpg

DOW finished 13343, down over 1.5% has this pierced the next support or uptrend on the chart below?

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