DOW

Hi Remo, out of interest how come you've sent your stop to 40 points?

Im gonna short the dow at 13662 with a 40 point stop during todays market hours only.
Im surprised its getting this close to it today.
I wont attempt this trade tomorrow due to the close proximity to that area.

dyor

Hi wreckless eric

The short is only for today during market hours only.
with regards to shorting.
ill explain that latter when i get some time.
I use IGIndex (spread betting company to short with but there are many spread betting companies that do it.
just look up www.igindex.co.uk . It will explain about shorting on there website some where.
remo

Remo, what is the time scale on this downtrend for the DOW and how does one short, never done it yet? Being overseas I only use one online broker who will accept overseas residents, had to close down TDW (EU residents only) and Selftrade (UK residents only).

Remo said:-

"Ive also noticed recently that there seems to be a lot of false breakouts around with shares so wondering if we are near the top????

What ever happens i will be shorting the dow if it gets near 13662 with a 40 point stop. Personally im not expecting this to go to that level as im expecting the right shoulder of a bigger head and shoulders to form."

Published on January 16, 2013 (the latest French (anti-USA/UK) economic speculation of downturn in 2013 (March - June Quarter):-


www.leap2020.eu/GEAB-N-71-is-available-U...e-global_a13066.html

Nice S&P 500 chart, long article and only shows part of release, have to subscribe for rest.

If you look at the chart you can see how the short term trend line that was breached back in november 7th is now acting as resistance. The price is following that line
The dow looks like its losing its momentum and there is an obv divergence on this as well.
Ive also noticed recently that there seems to be a lot of false breakouts around with shares so wondering if we are near the top????
What ever happens i will be shorting the dow if it gets near 13662 with a 40 point stop. Personally im not expecting this to go to that level as im expecting the right shoulder of a bigger head and shoulders to form .
The key to beating the dow is not to trade it all the time. You should be patient with the dow and only really trade it of important levels . Patience is the key to this index. If you over trade this then it can wipe you out.
DYOR

there was a great level to go long on first attempt .
been busy so missed this trade
there will be others