DOW

Thank you Remo (legend). I am also looking at 46650 to invalidate the inverse head and shoulders - would you agree?

45000 is the key levels to watch as a break of this area will be bad...That will be the area to watch for signs of bigger falls...as thats a major support area now..Thats the inverse head and shoulders breakout point.

Hi Remo - good to see the post. Just judging by the post - can you please confirm the key support levels that you will be watching for in the Dow/Nasdaq to maintain the bullish view? and what numbers would be looking for to confirm a bearish view?

the Dow and Nasdaq have been pretty resilient now that the interest rate is about to fall further - BUT you never know what is lurking around the corner...

Friday was a Trump effect, he basically crashed the market due to his comments about china Tariff.
Anything can happen when he opens his mouth....I doubt that it will go lower unless he rebrings up the tariff talk..
Im still long on all my shares and expect the bull market to continue until new year, after this i suspect that we are in the final stages of a wave 5 , infact we are in a wave 5 now and once this finishes then i expect a possible bear market ... Calling a top is very hard but ill try and stay long till new year but if things change with trump and his big mouth ill be ready to sit on the sidelines.

Hi remo,

What's your take on Dow Jones? Would you see further falls? or was Friday a knee jerk reaction?
I believe it should hold 45071 or it could go further down, currently at 45258, after the fall on Friday.
Thanks G

currently the markets are just going sideways.... I have not been following waves for a long while.