DOW JONES BEARISH VIEW
VERY BEARISH VIEW
SLIGHTLY BULLISH VIEW
- As you can see from the above charts the long term for dow looks grim and bears should love to see the second chart.
- The first chart shows the bearish crossover of 20 SMA below 200 SMA. When the last time 20 SMA crossed above 200 SMA Dow was at 8400 levels and from there we went till 11000 levels. So this crossover is a very effective one.
- Then the second chart Its a big rising wedge in line chart. If this one is to show its true colors dow should fall more than 3000 thousand points. I am being conservative there actually it should fall more. Remember all this on a long term prospective.
- In the short term the only savior in the daily chart is the descending wedge. If this one works well bulls can show us 10400 back on screen.
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