DOW

and then down again Remo?
Things are looking a wee bit bearish, I took some money off the table on Tuesday, looks like I will hold it in cash for a little while !

Hows that for a perfect back test.
shows you the power of charts

dl.dropboxusercontent.com/u/4899609/dow21stjune.png

GC - sounds abt right....

J - yep you guessed right.... here modified..

dl.dropboxusercontent.com/u/40497882/DowhourlyMACD.jpg




rgds WS

Jackozy wrote: Cheers WS.

I'm guessing you're referring to the "double dip" in MACD lines back on late Oct and early Nov 2012? Here's the hourly chart (sorry about the buy/sell triggers):

dl.dropboxusercontent.com/u/20815047/DowhourlyMACD.gif

PS The classes are very hard work - languages are not my forte!

Wavesurfer,

I think I am thinking along similar lines to yourself - posted this earlier elsewhere.

---

"Seems to have bounced here at the 100sma as suspected.

dl.dropboxusercontent.com/u/63552262/Cha..._DAILY_-_21-6-13.png

I think a retracement to 14965, 15030/50 or 15110 (key fib levels with some S/R levels to boot - as per 4H chart below) is on the cards before another leg down.

dl.dropboxusercontent.com/u/63552262/Cha...W_-_4H_-_21-6-13.png

Some of the guys who use EWT may have an opinion on that."

Cheers WS.

I'm guessing you're referring to the "double dip" in MACD lines back on late Oct and early Nov 2012? Here's the hourly chart (sorry about the buy/sell triggers):



dl.dropboxusercontent.com/u/20815047/DowhourlyMACD.gif

PS The classes are very hard work - languages are not my forte!