DOW

It
will come out of the blue...do not fall
ll in love
with upside imo....ant move abv 630... u short

Stick horizontal
l lines on the below numbers...see price action.

WaveSurfer wrote: No fear...Have N Stick To The plan
220. 560 . 630. 715 dow

Spx 2048. 2054 n 60

Never quite made it to resistance - did yo take a short anyway Remo?

I was watching it at 650 but didn't want to go in early, thought it would breach slightly before pulling back. Still not convinced it won't push a bit higher in next few days, sell off isn't that convincing yet.

...from a non chart view part of me thinks the big boys will keep pumping this for another couple of months while they sell out in time for the market to collapse with the EU referendum....aim for the equivalent of your resistance below on the SPX which is currently around 2100

Trendfriend,

Seems the DOW's struggling today can't get any higher than 16652.

GOLD struggling as well, down 2.5%

I like to compare this market with the last bear phase/market (rightly or wrongly).....

I think this will take it's time to dump imho....i think a small move of about 400/500 points for the whole of April is possible....before the real dump, possibly in May??
Possibly for April a small monthly candle like the yellow dots on the chart, (under the green arrow)
Maybe another 4 or 5 weeks of this real dull slow moving Dow.....and then dump, dump....
Lets see.....ATB and good luck with folks.....
Trendfriend.

perfect short area coming up.
im shorting this today at 17679 during market hours only.My stop is going above near by resistance at 17755
Ive been waiting for this area for a while now so fingers crossed.


dl.dropboxusercontent.com/u/4899609/dow21stmarch2016.png

Rich,
you are taking your fib extremes at the wrong points. Either take the low at the Aug/Sept hammer (played out already IMO) or the high at November high of ~18000.

The short point is good though, except on my chart the wick already hit the trendline last week.

F4T