Here’s  a 101 year DOW chart 🙂 As you can see lots of key LONG term trend lines converge with recent lows along with a lot of bears…. Thing is I think we bears are afraid to short here for good reason, therefore I cant see a  bounce living long… I dont see a huge straight up ramp with all the recent damage…. A stick save would likely grind up that T/L back to the longest one in a grindathon wave 5 ED with a blow off top a year or more out…. Im not gonna talk about that kinda doom for bears though, I think the odds favor the bears but the bulls can keep hope alive until around 2350 SPX where I’ll rule out any more bull trends for a LONG time…..  DOW101year12-20

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s