Yeah, bit unsure with things in Dow now. Been looking at XJO and the rally high is probably in. I see it coming back to around 4000 before bouncing back up to around 4150 and a lower high. Then the downtrend should take it down to the 2011 lows.
If we get the turn this week, then perhaps the markets can rally into mid July where Merriman has his next 3 star critical reversal date. This would give the Dow time to at least back and fill before heading down. Not sure if new rally highs will be seen though now. Guess it depends on how low this run goes.
EC
rhodes2ritches lipstick on a pig friday, page-90
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Last
8,285.2 |
Change
61.200(0.74%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,224.0 | 8,285.2 | 8,224.0 |
| XJO (ASX) Chart |