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DOW
6 years 1 week ago #16257
by remo
Replied by remo on topic DOW hit 200ma
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...
Only for the crazy people...
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6 years 1 week ago - 6 years 1 week ago #16256
by remo
you can click on chart to make bigger
The fib level to watch is at 24100 as that's the 23.6 fib level of the total bull market we have had, also the medium term trend line is at 24267 currently so they should hold the down move on a first attempt basis.
The main trendline is at 20700.
I suspect this downward move may stall at the fib level and trendline as that's got a lot of support there.
Support levels on the way down....25743,,,,,,25339,,,,24680,,,,,,24267 (trendline),,,,,24100 (23.6fib)
Now there are a loads of resistance on the way back up now created by gaps...
im short on the dow and will look to add to shorts unless something big changes things...cant see that currently
Replied by remo on topic DOW hit 200ma
you can click on chart to make bigger
The fib level to watch is at 24100 as that's the 23.6 fib level of the total bull market we have had, also the medium term trend line is at 24267 currently so they should hold the down move on a first attempt basis.
The main trendline is at 20700.
I suspect this downward move may stall at the fib level and trendline as that's got a lot of support there.
Support levels on the way down....25743,,,,,,25339,,,,24680,,,,,,24267 (trendline),,,,,24100 (23.6fib)
Now there are a loads of resistance on the way back up now created by gaps...
im short on the dow and will look to add to shorts unless something big changes things...cant see that currently
Last edit: 6 years 1 week ago by remo.
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6 years 1 week ago #16255
by remo
Replied by remo on topic DOW hit 200ma
It’s looking real nasty out there...can’t see any levels of support near by for the Dow...
Will try and figure out some areas later
Will try and figure out some areas later
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6 years 1 week ago #16254
by Trendfriend
Replied by Trendfriend on topic DOW hit 200ma
getting dumped.... 
good call Remo!
good call Remo!
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6 years 1 week ago - 6 years 1 week ago #16253
by Trendfriend
Replied by Trendfriend on topic DOW hit 200ma
Bulls vs Bears shootout....
Watch the last hour imvho...
Rally and it’s the end of this p/b
Sell off and this dump is going to get real nasty ....
I still think this is going straight back up... but let’s see...27000 is the key number in my opinion and it looks a bear trap break below today....
Atb
Trendfriend
Watch the last hour imvho...
Rally and it’s the end of this p/b
Sell off and this dump is going to get real nasty ....
I still think this is going straight back up... but let’s see...27000 is the key number in my opinion and it looks a bear trap break below today....
Atb
Trendfriend
Last edit: 6 years 1 week ago by Trendfriend.
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6 years 1 week ago - 6 years 1 week ago #16251
by MRA4
Replied by MRA4 on topic DOW hit 200ma
Last edit: 6 years 1 week ago by MRA4.
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