DOW

If the Dow closed above it today doesn't that rescue it for now ?

I would have thought so too Rich, but does "opening" below the trend line count? If it forms a huge hammer and closes above, as it looks like it might, then we're still in a bull market aren't we? We'll know soon enough!

The dow actually tested the trend line break during market hours. Amazing

1 hour chart

dl.dropboxusercontent.com/u/4899609/dow60min24thaug2015.png

daily chart

dl.dropboxusercontent.com/u/4899609/dow24thaug2015.png

If it finishes above then yes... But i doubt that will happen as would require some amazing news

Richb wrote: If the Dow closed above it today doesn't that rescue it for now ?

im gutted that i missed the perfect short, was busy ...dam

I'm a bit baffled - why is there no gap showing on the DOW today? I watched it open, and it was no more than about 15,850, falling immediately. It later tested the trend line and went to about 16,365 but never got as high as the previous days close at 16,460. So there should be 100 point gap, shouldn't there? Yet every chart I look at this morning doesn't show a gap. How come?