DOW

Are we potentially seeing a wave 3 coming?
@remo?

Thanks

HI Trendfriend. I was indeed asking the same question in the weekend. So a couple of things:

1. There was a lower low in the charts recently - as we have picked up
2. Tariffs seems to have spooked and a lot of big players are liquidating

I am looking for short oppportunities now at the bounces. Just my thought for now.

Any other views are appreciated.

Anyone think we could see a long term bear market now???!!!
Or just a good correction then up and away again?!

Yes, that was a mid term trendline...there's another longer term trendline and i make that to be around 38,500 will need to check again if we get to those numbers but seeing todays drop does look likely now!!!
dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...B6A1Ox+WtliMXeBpx98=

You can see when the main trendline was busted during covid what kind of drop it can trigger offf...so all eyes there imvho.

Worth a long around that area but with very tight stops off course!
Wish i shorted this move down now!!
Way to dangerous tho....big moves in all directions until yesterday.

atb, wdik, dyor,
trendfriend

The Dow Theory has proven itself today

Looking at your chart, the up trend is still in place & around the 40,000 is a key area to provide this.