october crash, page-35

  1. 14,914 Posts.
    I think calling a crash is a bit premature but it certainly looks shakey for the next week. The DOW has broken short term support and is headed for major support being the major uptrend line. Failure there would mean a sizable correction IMO. One thing I dont like about the DOW and NASDAQ is that the volume has been decreasing on the up days and increasing on the down days.

    The NASDAQ has lead this rally from the start IMO and it is sitting right on short term support with major support only just under it. A failure here from the NASDAQ will be enough to roll the market over into a decent correction IMO.
 
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