DOW

I'm already on board long and strong for the Santa Clause rally!

Good call BG.
Just be careful, move stop to profit, and dont get tempted to move it again imho.

Keep banking coin with Dow, as can come back and bite hard

Regards,
Trendfriend.

Anyone else Short on DOW?

Took a position at 17001.

Seems to have double topped at yesterdays high of 17066 with hourly closes below the MA(30) and MA(50) with no quick jump above.

I am looking for it to test the MA(200) around 16718 in the coming sessions.

Perfect test of the main trendline here. Needs to break above to confirm the pullback is over imho.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

A close up.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

I think it will do it tomorrow, as its broken above the 200day.

Regards,
Trendfriend

This had a nice pull back today, could be a sign the worst is over.
However, its still under this negative trendline on the 30 min chart.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

If it closes below 16050, it could accelerate the selling imho.

Regards,

Trendfriend.

www.bbc.co.uk/news/business-29644214

Fears of global slow down.
This can be used to take this down as far as they like, with that issue.

Best to trade what we see, i think this could be some way to go imho.
The traders comments are interesting in that article.

Regards,
Trendfriend.