DOW

The level to go long here today is 16672. If it gets to this level. For a trendline bounce, with a 25 point stop.

This treated me well yesterday so gonna take this trade again today.
This may break below, as testing same level again today. So i'm going watch this closely, if bounces of the trendline and comes back again to the trendline, i will close the trade, as its likely to break down imo.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

Regards,
trendfriend

Nice, perfect bounce of the trendline.
@17665.
uk.advfn.com/p.php?pid=chartscreenshotsh...9Hc=&symbol=L%5EOCDO

uk.advfn.com/p.php?pid=chartscreenshotsh...A%3D&symbol=L%5EOCDO

Should go on from here.
Regards,
Trendfriend

The best place to short for today is ..
16853 with a 40 point stop during market hours only..
This is half way up yesterdays candle.

This trend line bounced off last time but the fact that its come back tells me its likely to break and head towards the main trend line. So the bears maybe in control soon so keep an eye out


dl.dropboxusercontent.com/u/4899609/dow8thoct2014.png

Quite a big fall here today, the Dow is now trading near some important technical levels.
Firstly we have a couple of potential trades on.
The first is of the trendline @ 16766 (rising daily), with a tight stop, 20 points, and first attempt only imho.
If this fails it could be heading to the 200 day @ 15585.

This is a vitally important level, if this support goes, we could be heading a lot lower.
We got a nice bounce off the 200 day, in early Aug. This set a important technical level to watch imho.
At the moment we are still in bull mode here, however the Dow is near some important levels imho.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

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

Regards,
Trendfriend.

I'd probably be a bit more cautious and only entertain new longs above 17149, being the last swing high prior to the lower low from yesterday.Nice pin bar on the 4H from yesterday.

Cheers,
M.