DOW

Nice to see you again.

I would not be buying any shares or funds for the time being as the bear market has just started and best time to look to buy some will be around 6-9 months time. There is just way to much negative news out there to sustain any bounces.
remo

Good Morning All - It has been a while - the XTA and GKP days seem like a lifetime ago Smiley - Markets looking interesting so thought I would drop in.

Had a fantastic year trading Gold Funds in my Aviva Pension last year - banking a nice 52% growth in the pot - currently in 90% cash although bought 10% of US and UK tracker funds yesterday to try to catch some of the dead cat bounce

im still short...but should have just left my original positions opened instead of trying to be smart...lol...

Big picture,Monthly Dow chart with fibs & main trendline




Weekly Dow chart

I’ve already closed my shorts from earlier...now just trading in and out....as expecting a bit of rebound as it’s moved so much down...
Dow is respecting all technical tricks currently....I suppose that’s the only way to trade it when it’s like this...
I closed my shorts once I saw a hammer formed on the hourly and then waited to go long half way down the hammer...
Closed that long for 400 point profit.....then I went short...currently short but looking at going long again...lol

remo wrote: be careful with trading the dow as the swings are massive both ways so stops will be taken out easily if you try and enter.
Only for the crazy people...

yeah way too risky....
with the dow expect the unexpected....
wouldn't be a big surprise to see it close up imvho....
certainly not risking any of my cash finding out!