Trading Edges That Last
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As Featured In
Dow 30 Sep 30 to Oct 04 Outlook
Lawrence’s Comment
As expected, Dow broke below Y-1 early in the week and tagged Y-2. Tried hard to stage a bottom there and failed. That set the stage for Y-3 to tag. Big fight to bottom out before landing onto Y-3 the rest of the week. Closed the week below midpoint and above Y-3.
Outlook
My post on Dow component change nailed this reversal. To complete the minmal objective, a drop to below 15000 is necessary. How it is going to get there will be difficult to tell.
As long as B-0 acting as resistance, looking for further downside.
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