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Technical Thoughts from a Classical Bar Chartist

The weekly Dow chart shows what a sizable selloff could mean for the long term trend.

This possibility also exists on the Nvidia (NVDA) chart - in this week's NASDAQ-100 Research.
Think short term bearish, long term bullish.

The status of the Managed Money category in the Commitments of Traders Report, especially in the Silver futures is 'telling'.

Updated after the World's Markets close: Friday, August 12, 2022

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