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Close below 33,000 on monthly chart would spell trouble: Chris Kimble

johnNjohnN
edited April 2022 in Other Investing
Close below 33,000 on monthly chart would spell trouble: Chris Kimble

The stock market's Friday plunge will have market bulls looking for the Dow Jones Industrial Average to hold important support tied to the market's gyrations all the way back to the 2007-09 financial crisis, technical analyst Chris Kimble said on Friday.


https://www.google.com/amp/s/www.marketwatch.com/amp/story/a-dow-close-below-33-000-would-spell-bad-news-for-stock-market-bulls-chart-watcher-11650651066




How low can you go?!

I keep buying slowly cautiously
Acct -9.7%% now . all gains previously subsiding

Maybe starting nosedive
Feds /inflation/ stagnation growth expects Ukraine....c19...too many hits for stocks to take to recover?
Maybe dji 27k by mid end summer

Comments

  • hank
    “How low can you go?”

    I’d say pretty much limitless. :)

    Interesting take on Dow 33,000 by a chart watcher.
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