I studied the DJIA over the weekend to confirm my short positions in resources, namely BHP and my longs in Gold, namely LHG.
The chart is HEADING SOUTH!!!!!! First stop 9800 and if it fails to hold this level you will need a parachute to survive the fall.
The declared war is just an excuse for what everyone should have seen coming well before last week. A classic TRIPLE top formation.
If I am wrong happy to discuss alternative viewpoints but I dont think even an election year can save the Dow from here.
If you're short enjoy the ride, if you're long (stand fast gold stocks) bail while you still can.
weekly market for the last 3 years
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Last
$4.34 |
Change
0.030(0.70%) |
Mkt cap ! $3.428B | |||
| Open | High | Low | Value | Volume |
| $4.29 | $4.35 | $4.18 | $9.466M | 2.209M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8646 | $4.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.35 | 5500 | 2 |
View Market Depth
| Last trade - 16.10pm 14/08/2020 (20 minute delay) ? |
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Last
$4.34 |
Change
0.030 ( 1.05 %) |
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| Open | High | Low | Volume | ||
| $4.27 | $4.35 | $4.19 | 2526775 | ||
| Last updated 15.59pm 14/08/2020 (live) ? | |||||
| DOW (ASX) Chart |