maxi's - do me, i'm famous - thursday, page-105

Here's a somewhat (??) more optimistic chart - if the current low around 11680 on the Dow Industrials holds.



The Dow Industrials is currently breaking the 10-month moving average. (The Ozzie market did that in June.) If it can't haul back above that by the end of the month, it's probably looking at much lower.

At the moment it's holding the support level set up back in mid-2006 and held as resistance in the GFC (2008).

The current monthly candle is holding around the Median Line of the large Pitchfork formed by the major low in 2002 and the GFC decline (2007-2009).

A break below that support line around 11860 produces a triple whammy: break of major support (11860), break below 10-month moving average, break below Median Line of long-term Pitchfork.

Good luck
Redb