Hi practisingaccountant,
"JW, I think 9650 might be where we bounce off", 'You hit the nail on the head' practisingaccountant; the relevant question now IMO is how much higher will the DOW bounce before gravity (the $USD et al) gets some traction.
INDU daily: has been loosing consecutive levels of support with all indicators looking poorly. If volume picks up on a break of the neckline then I guess the indicators will imbed and then look out below.
USD daily: looks to have formed a textbook Cup & Handle, if there is any 'flight to safety' then the market/s are likely to keep heading lower IMO...
Time to top up the short shorts when this bounce is over......
Hi practisingaccountant, "JW, I think 9650 might be where we...
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