With the Dow closing down 54 points today, an outside day price bar, the downtrend has begun. How far will the market go down. We'll give it a few days and see if there's an indecision point which will help us project a target.
Many people have said that you can’t predict the movement of the financial markets. I’m going to use technical analysis, mathematical tools, studies and indicators to see if it can be done. This is just for informational and scientific purposes only, I’m not recommending any trading positions.
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