re: Predict the Dow Jones’ bottom

quote:

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They think they’ll win and subjugate everyone but they have to destroy everything first so they can “come to the rescue” with their Great Reset and new normals

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Bingo Build Back Better is moron code for the great reset it’s painfully obvious the longer the monkeys control the zoo. I hope I am wrong but damn if the signs aren’t there for those willing to notice.

This early week optimism is showing that there remains some support at the mid 31k range. Since the hard break below 33k, there was a (dead cat?) bounce from ~31750 up aroud 900 points. Then, after last week, it bounced again off ~31250.

Intraday support for about 30800 (last Friday) shows a potential second line of support if it breaks too solidly below 31250 to recover.

Now, again, this could just be an early week rally as I did feel some capitulation in both the Dow and S&P mid-week last, but there seems to be some fight left in the blue chips and broader index.

From where we are now? Another 10% would be down to about 28K. Another 20% would be 25k. I think we'll know a lot more after this week, going into the Memorial Day weekend, Summer coming, etc.