Last week's fall of the DOW really broke many bullish sentiments. Before the big move, we had already lost the uptrend line and the 20 ema. Next to fall was the promise of a triangle. Finally with the big move went the 46 ema and the pitchfork. With so many promises broken, it may be some time before we see another new high.
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A-shot
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Indeed, it never makes the same green candle as it makes a red one. I seem to notice loss of confidence in some major stocks that adds some concern