DJIA dow jones industrials

sp 500 chart

  1. 18,874 Posts.
    lightbulb Created with Sketch. 93
    Here's some ideas on whats in the pot some have been talking about a final capitulation low well in my book thats been happerning since the "B" on the chart and we are some where near a bottom.
    We just missed the chance of a Double Bottom lets hope for the next lot of fibs and the trenline to kick in if not ITS BACK TO 1995 LEVELS.
    The Scary bit is the 50d & 30d MA's are about to cross all Inds are oversold.
    This has been a Faster steeper plunge than 2001/2003 so I'd be hoping for a faster recovery.
    The green time line on the Dema Filter is just rough way to get a idea of time.
    I've made the Inds Fullsize so you get the idea of what I'm seeing there are 2 fib sets one covers the Bull from 1982 the other from 1995 at this point they are close 700/650 for important levels on both.imo
    At this point we have a A&B we just want to know where the Hell is "C"...LOL
    I've been wrong on this one before too by the way..
    Cheers Pete





 
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