Support Line A was breached on 25 May, indicating the beginning of a downtrend. Support Line B of the downtrend is now severely breached. Unless we are to see a market crash (for which there is really no reason), today's plunge should be compensated by a upwards surge. That is in the nature of spikes.
Killeens Financial Banner
Friday, 21 August 2015
DOW downtrend strengthens: Plunge will be compensated
Support Line A was breached on 25 May, indicating the beginning of a downtrend. Support Line B of the downtrend is now severely breached. Unless we are to see a market crash (for which there is really no reason), today's plunge should be compensated by a upwards surge. That is in the nature of spikes.
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