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Lower (swing) Highs and Lower Lows

PUBLISHED Oct 21, 2023, 8:23:51 PM        SHARE

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imgTom Hamilton

Oct. 20, 2023 Short and Sweet - The broad definition of a Downward Trend: Lower Swing Highs and Lower Swing Lows. The broad definition of a Upward Trend: Higher Swing Highs and Higher Swing Lows.

On my weekly charts, the closing low on Friday was darn near critical point where thing could get ugly; not that they must, but could. Most traders / investors should be in Cash looong before now and longer term should be “Dancing Near the Door”. This market is volatile! It is reacting to just about any news or news conference; a sign of a weak market . . . “it cares”. (A strong market would be indifferent.) Have a good week. ……………. Tom ……………



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