(This BOW post was written Thursday 7/31 and backlogged on my cell phone blogger app...oops...I didn't notice they were unpublished)
Huge huge BOW day today. Most downtrends do their primary damage in 4-6 trading days after the top day which is often a slightly lower or higher high like we had at 1985. Today was day 2 but BOW should stem the tide. Expecting a 20-30pt bounce possibly after a small drop tomorrow followed by a lower low with positive divergence. So, maybe 1925-->1950-->1910. But my spending indicator suggested a mid-August low so there may be another lower low in a couple weeks. And a new all-time high is not guaranteed after that especially since my long-term indicators are expecting a 10-20% drop for starters. Good fortune.
Huge huge BOW day today. Most downtrends do their primary damage in 4-6 trading days after the top day which is often a slightly lower or higher high like we had at 1985. Today was day 2 but BOW should stem the tide. Expecting a 20-30pt bounce possibly after a small drop tomorrow followed by a lower low with positive divergence. So, maybe 1925-->1950-->1910. But my spending indicator suggested a mid-August low so there may be another lower low in a couple weeks. And a new all-time high is not guaranteed after that especially since my long-term indicators are expecting a 10-20% drop for starters. Good fortune.
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