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To: RayChuang88

Yeah, significant bottom break out on the lower Bollinger bands would indicate a strong downward trend.

I see the first support test for the DOW at 16000. If it drops below that with any velocity, 13,000 and even 12,500 becomes a real possibility.


14 posted on 08/21/2015 6:54:43 AM PDT by taxcontrol
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To: taxcontrol
I think the support test level is more like DJIA 15,500.

People right now are just doing massive profit-taking after the run up to over DJIA 18,000 back in June.

19 posted on 08/21/2015 8:33:39 AM PDT by RayChuang88 (FairTax: America's economic cure)
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