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To follow up your subject's good postings:
Now one for the DowINDU
The current Coppock Curve's SELL signal (19991220)
- A soon to be expected return to 9648 (a return to former BreakOut = now support-level)
- As well, this can mean somewhere within that level's former tradingrange (9648-9060)
- The 50% Fractal Retracement = 9575
The upcoming Coppock Curve's BUY signal (........)
- Thereafter, the start of a TurnAround, eg than the next BUY signal for the Chart's
Swing Trade (the Pull Back to min. 10797 and max. 11650) should be headed by
a.) the RSI(up-arrow1) confirming the Coppock Curve's TurnAround(up-arrow2)
b.) and than both should confirm the VST downtrend Channel's breakout(up-arrow3).
- It is due (since PullBacks always are) but until then: the DowINDU = dead meat.
And for later in this year
- The downfall to min. 8610 (the TESL Wedge's fallout target)
- And further down, where another former breakout 8182 is found, that had at that time
a tradingrange 8182-7583.
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage http://home.planet.nl/~anthmaas
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