Will US Indexes Continue to Free Fall ?

it appears that DJIA is experiencing acceleration to the downside without any apparent support to be found ...yet


DJIA - Monthly Bar Chart




BUT....


when we open up DJIA as far back as 20 years...there's a ray of hope that DJIA may experience some form of support at 8100 region; that's >1000 points on the downside.

recently, we have seen -ve 800 points swing to the downside in single trading days, hence, this may not be as unthinkable in current moods.

i am still a proponent that when FEAR is at its height, we must adopt a longer term timeframe bullish positions, even though the left brain hemisphere is suggesting otherwise. however, in short term, it does appear that the downtrend is seriously intact.

so, let's trade/invest smart and be risk averse in our undertakings without being paralyzed.


20 Years DJIA