As of 10/03/2022
Indus: 29,491 +765.38 +2.7%
Trans: 12,465 +406.70 +3.4%
Utils: 915 +26.32 +3.0%
Nasdaq: 10,815 +239.81 +2.3%
S&P 500: 3,678 +92.81 +2.6%
|
YTD
-18.8%
-24.4%
-6.7%
-30.9%
-22.8%
|
 30,800 or 27,500 by 10/15/202213,800 or 11,800 by 10/15/2022950 or 850 by 10/15/202211,500 or 9,700 by 10/15/20223,800 or 3,500 by 10/15/2022 |
As of 10/03/2022
Indus: 29,491 +765.38 +2.7%
Trans: 12,465 +406.70 +3.4%
Utils: 915 +26.32 +3.0%
Nasdaq: 10,815 +239.81 +2.3%
S&P 500: 3,678 +92.81 +2.6%
|
YTD
-18.8%
-24.4%
-6.7%
-30.9%
-22.8%
|
|
30,800 or 27,500 by 10/15/202213,800 or 11,800 by 10/15/2022950 or 850 by 10/15/202211,500 or 9,700 by 10/15/20223,800 or 3,500 by 10/15/2022 | |
Released 8/9/2022.
Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.
This stock is about to tumble. How far will price drop? Identify support zones. (Weekly scale shown).
The vertical green line separates coverage of this chart from the prior one.
The blue lines correspond to locations where the major price trend turned up after April 2004 (leaving a valley behind). The top blue line is an easy one because it lines up with prior peaks. The other support zones are more obscure. I highlight peaks and valleys with red circles for your viewing pleasure.
Here's another chart. Price is about to decline. Find the support zones, the locations where price will pause or turn. (Weekly scale shown).
Again, I drew the lines using minor/major turning or pause points after the 2nd highest peak on the chart (vertical green line) and extended the horizontal lines to the left. Notice the massive decline on the highest volume on the chart. That dead-cat bounce was from an earnings warning. Would you have sold a long holding by then?
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