The DOW has been going up since 2009 and I don't see any GOOD reason why this should change.
If it closes below my dashed short-term line I would expect the market to go sideways for a while (like 6 months) before continuing up.
Long-term I would begin to worry if it actually gets below 14540.
That all being said I wouldn't hang on if it gets below the dashed support line because it could be a year before it makes its way back to 16600.
Now would be a good time to get into the market and set the stop 1% below the dashed support line.
Let me know what you think.
1/13 after close
If it closes below my dashed short-term line I would expect the market to go sideways for a while (like 6 months) before continuing up.
Long-term I would begin to worry if it actually gets below 14540.
That all being said I wouldn't hang on if it gets below the dashed support line because it could be a year before it makes its way back to 16600.
Now would be a good time to get into the market and set the stop 1% below the dashed support line.
Let me know what you think.
1/13 after close
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.