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Re: Bear market picks up momentum if this gives way! 

By: ribit in POPE 5 | Recommend this post (1)
Thu, 03 Jan 19 10:53 PM | 33 view(s)
Boardmark this board | Pope 5 		Msg. 19024 of 62138
(This msg. is a reply to 18983 by capt_nemo)
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...the market has been headed down since they first started speculating that the dems were going to win the house. Now (assisted by vote harvesting) that they have the market will tank. Of course it will be all trumps fault. Nancy will fix it by raising taxes and imposing lots of new federal regulations that will effect the rest of the country but her district will be exempted.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:
Bear market picks up momentum if this gives way!
By: capt_nemo in POPE 5
Thu, 03 Jan 19 5:54 AM 		Msg. 18983 of 62138

One of the broadest stock market indices in the states is starting off the year with a key test, that could send a very important message for months to come!

This chart takes a look at the New York Stock Exchange index (NYSE) over the past 20-years. Since the 2011 lows, the index has spent the majority of the past 8-year inside of rising channel (1).

The decline over the past 90-days has the index testing the bottom of the rising channel and 2014 highs at (2). This price point becomes a very important support test for this broad index.

As a reminder, support is support until broken! If this dual support price point does not hold, it would suggest that the bears will be busy to start off 2019!

Keep a close eye on this price point friends, what this broad index does (2), could send a very important message to start off the year.

CHART IS TOO BIG TO POST, inside link.............


http://www.investmentwatchblog.com/bear-market-picks-up-momentum-if-this-gives-way/

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