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3 years 1 month ago #17984 by Trendfriend
Replied by Trendfriend on topic DOW.
dow daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...N1gbIeKaHnxN%2F5M%3D

Thought it was possibly a bull flag and it would break higher.
Caution here short term at least imvho. This type of triangle breakdown usually lead to further falls.

atb, wdik, dyor,
trendfriend
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3 years 2 weeks ago #18002 by Trendfriend
Replied by Trendfriend on topic DOW.
Looks like the fear is here! :evil:

stay safe folks and wait for the dust to settle.
warning signs were in the charts...how far will we fall is the question?? :pinch:

will be some bargains coming up imho.. :whistle:

atb, wdik,dyor
Trendfriend
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3 years 1 week ago #18009 by Trendfriend
Replied by Trendfriend on topic DOW.
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3 years 1 week ago - 3 years 1 week ago #18010 by waverider2
Replied by waverider2 on topic DOW.
So, yes this is definitely possible. The recent bullish move was stopped which means a failed move - normally it can come down fast. Last week was a damn bad looking bearish weekly candle.
28000 very possible- let’s put it this way, no way I am going long .

It’s mucked up my long term sipps stocks I topped up in Aug last year (exactly 6 months ago), but I don’t want to sell buy sell buy these long term things.
Last edit: 3 years 1 week ago by waverider2.
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3 years 1 week ago #18011 by waverider2
Replied by waverider2 on topic DOW.
I have got 32500 as the next junction where its going up or down...support, now resistance.

My view is that if this is taken out by volume, that would null the down move.

Anyone has another view?

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3 years 19 hours ago #18030 by waverider2
Replied by waverider2 on topic DOW.
So here is my view.

The recent low was not taken out - and there seems to be a lot of push to avoid that. So basically a failed move down which could be very bullish .

I have taken a long position on Friday just in case

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