Recap As expected Dow drifted up first last week. Once the Y+2 target is tagged, selling piled on and closed the week tagging close of the week prior to last week.
Outlook Further weaknesses is expected as long as Y+1 to B-0 acts as resistance. Next downside target is B-2.
Lawrence's Comment
Recap
Was looking for a drop but not as steep as what happened. Weak right from the beginning of the week failed to hold Y-0 points to a ...
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Lawrence's Comment
Recap
New low on Monday confirmed the bearish scenario of 8 waves down to come. The 3 sell waves down completed by Friday.
Outlook
Again, if we get a bottom formation ...
Dow 30 Sep 05 to Sep 09 Outlook
Lawrence’s Comment
As expected Dow drifted up first last week. Once the Y+2 target is tagged, selling piled on and closed the week tagging close of the week prior to last week.
Outlook
Further weaknesses is expected as long as Y+1 to B-0 acts as resistance. Next downside target is B-2.
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