DOW

Worked out perfectly . This did bounce near the 18200 area during market hours on first attempt but second attempt it flew through the area. The doji showed us the way nicely



dl.dropboxusercontent.com/u/4899609/dow4thjune2015.png

remo wrote: Dow got some doji this shows indecision so could be a possible double top ???
If the price goes below yesterdays low during market hours then possible signal to go short but be warned as 18200 is strong support so should bounce on first attempt.

dl.dropboxusercontent.com/u/4899609/dow22ndmay2014.png

dl.dropboxusercontent.com/u/40497882/Wal...9%20Weekly_May15.png

short term - dow needs to be trading below:

288 (Wavism) n 262/57 (Super wavism) for lower prices to follow 205 > 18063 > 17969.

dow continues to trade abv 257 n 288 then it still has chance to retest highs or higher 18405...

chop chop, lets see a re-energizer....

BTFD

Rgds WS

Dow got some doji this shows indecision so could be a possible double top ???
If the price goes below yesterdays low during market hours then possible signal to go short but be warned as 18200 is strong support so should bounce on first attempt.


dl.dropboxusercontent.com/u/4899609/dow22ndmay2014.png

Hi rich
If it does go below the recent low then id expect it to head towards the 200 ma first. If that dont hold then the dow could head towards the main uptrendline.That trend line is the main important support for dow as long as it stays above that then bullish still.

Richb wrote: Remo...

Lower lows and if it breaks that trend line are you expecting this is the start of the correction ?

Remo...

Lower lows and if it breaks that trend line are you expecting this is the start of the correction ?

Im gonna short the dow if it breaks 17579. If this level breaks then the dow can really drop so be careful.


dl.dropboxusercontent.com/u/4899609/dow2ndapril2015.png