Recap Perfect double top on daily sent Dow back down to double top target. Technical buying / short covering started and sent Dow straight back up. Closed the week near Y+1 and above midpoint.
Outlook V-shape reversal points to more upside in store. Y-1 / B-0 now strong support until proven otherwise.
I posted in my real-time chat room several times that a crash pattern is in the making. I did not expect Mr. DeMark coming out with a market top call. ...
Dow 30 Dec 07 to Dec 11 Outlook
Lawrence’s Comment
Perfect double top on daily sent Dow back down to double top target. Technical buying / short covering started and sent Dow straight back up. Closed the week near Y+1 and above midpoint.
Outlook
V-shape reversal points to more upside in store. Y-1 / B-0 now strong support until proven otherwise.
Share