ChapmanWave

Reposting; Fabulous rally has chance of a digestive session here, but must try for higher highs by Thurs-Friday.

That was a huge follow through rally, and the CW low Trin Gauge suggests a slide before attempting another rally this morning. How deep and how long is the question.

 

That was an oustanding session, one we were prepared for, and this follow through will be very important in assessing whether there is a V-shaped reversal or a stumble.

A new month and an attempt to at least stabilize this cascading market?

One excellent up session doth not a trend change. There needs to be some upside follow through by today or Friday.

That was an ugly session, yesterday. So, of course the oversold OBV-On Balance Volume reading is even more oversold. So a bounce shold be attempted again today.

The Dow needs enough strength to hold for a new daily grey Leg-A over 29955 this week

Will today or tomorrow see a decent turnaround attempt in the Dow; watching the CW red Roman Candle today for clues. And a Happy New Year to thise celebrating the Jewish New Year today.

The critical 30000 Dow level is being tested; it might make for a rebound early next week.

The 30000-millennium support level is now key; there should be a bounce attempt off this level.