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Re: DX at long term support?/Winseer

DX needs to close below the last low of Nov below 75.25 AND hold like all breakdowns or breakouts. That would be the 1st step to suggest more of the same. But for a continuing downtrend to be conclusive price still would need to break below the two previous lows of 74.25 AND finally 71 to put the final nail in the coffin and end any hope of a return to the uptrend. Then all long term charts would show the sell off from 2001 with lower highs and lower lows with 3 brief cyclical bull markets of less than one year each inbetween. The trend on a break below 71 would be conclusive. Until then a reversal is possible. Whatever the outcome is it will have dramatic consequences to most everything.

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Re: DX at long term support?/Winseer