By today's jump in the daily trend by 417 points all trends are up again except for the monthly trend where the downward 8 month MA is at 12.053. Today's high was 12.064. From a technical point of view my target is around 12.127 - 12.140 depending of how you count.
To change the 8 months MA to the upside 12.323 must be reached and to keep it up DOW must close above 12.811 November 30.
I stand by my believe that November will be a month with powerful drops and up trends and my guess is still that the 8 month MA will not be moved on upside which means the bear market will not become a bull market. But remember this is just a guess based on my overall feelings of the technical trends and the fundamental facts.
To change the 8 months MA to the upside 12.323 must be reached and to keep it up DOW must close above 12.811 November 30.
I stand by my believe that November will be a month with powerful drops and up trends and my guess is still that the 8 month MA will not be moved on upside which means the bear market will not become a bull market. But remember this is just a guess based on my overall feelings of the technical trends and the fundamental facts.
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