DOW

Dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...cXLEPeKxo9Hg+Ev3ib8=

well this is intriguingly poised....i thought it was going to get a real stuffing on Friday...but it actually rallied a tad, but is was still off some 300 points....and it's certainly not out of the woods yet...but i think caution in taking positions here fornow, while we get a clearer direction for this week...

Will it go up or down now??
Bulls will point out a bullish div on the rsi...and this has already dropped approx 10%...so maybe back up now?

Bears will point out the l/l , and the first real close below the 200 day ema line for around 2 years...
I think as things stand, its a little bit in no man land atm...a rally back above the 200 day ema line...and off we go again...
A new lower low...calls for a continuation of the downside imvho...

atb, wdik, dyor,
trendfriend

It’s battling with the trend line based of the spreadbetting charts currently..A finish below the trend line could send this a lot lower...But a finish above could signal a move back to test the 200ma again...

Big dump on the way imvho...certainly looks set for it...

270 or so points down atm....i think it could well be 1000 points down by the close....

Black Friday today....

atb, wdik, dyor,
trendfriend

Yesterday this back tested the 200 ma perfectly on the Dow based on spredbetting charts, normal charts also finished below .

Interesting day ahead for the Dow.

A little off topic, but I don't like how the Nasdaq Composite
.IXIC (INDEXNASDAQ) has broken it's trend line & today's open it is dropping quite a bit!

dow - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...KfOZi1c5hnxnTE1nLbo=

off cousrse we must wait to see how this opens....and trades today...
going by the futures atm....this will gap below the 200 day ema line line currently 24971....as well confirming a 1,2,3 high/lower low...as remo pointed out below...that in itself is indicative of whats to come here...

while below the 200 day ema line...no longs here...only selling the rallies imvho...

lets see
atb, wdik, dyor,
trendfriend