THE DOW IS EXTREMELY OVERSOLD AND ABOUT TO TURN.......
RSI and MACD are at extreme levels. MACD is turning as DOW is demonstrating a little support. With higher highs and higher lows on the three month chart, it looks the the DOW is setting up for a rally to new highs in the next couple of months, or at least a re-test of the previous high. There's some decent room for profit.
was far more oversold in Sept & Oct 1987 before pluging 22% in one day. and more oversold in late Sept 2008 before plunging 30% over two weeks in early Ocyober 2008. Better buy leveraged longs and see what happens.
There is no validity what so ever in any of that mindless voodoo gibberish you babble...none. Zero. I dare you to find a single statistical qualitative analysis ...just one...any one...that proves any validity what so ever to any t/a. You cannot because there are none because there is no such thing as a valid t/a system. Period.
For a trend change you would need to see something different then the usual higher high, higher low. For example, you could see a capitulation top where the higher high was much higher than the previous high, not incrementally higher as we have seen in the latest run up. Or you could see an attempt at a new high and a failure after this latest correction. If you look at every major market trend change you will see capitulation tops and or failures to make new highs...all we see now is a typical 5% correction within a very strong Bull run. You should be buying now Not Bytching!!!!