In our last update on the Dow, we noted that it had not only fallen through an important trend line but its SMA200 as well. From All Good Things on Oct 11: DJIA is flirting with breaking below a long-term trend line and SMA200. A failure here opens the door to 23781, another 6.2% lower. … continue reading →
Tag Archives: Bear Market
Don’t look now, but COMP is approaching our 6760 target. As we discussed on Oct 10 [see: Plan B] COMP faced significant downside if its 200-DMA didn’t hold. Bottom line, it didn’t. It was off as much as 13.3% last month before beginning a bounce that was destined to fail. Next week, it will get … continue reading →