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TOPIC: DOW

DOW 11 Aug 2020 12:27 #1

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With lines


dow11a.jpg
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DOW 11 Aug 2020 10:14 #2

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Hi Inside informant - I got 28400, but your chart could be more accurate! :unsure:

it's getting silly now isn't it. I mean for all the talk of the markets being forward thinking, then was this "forward thinking" everytime we had a decline? But more to the point, how can the markets be forward thinking if central banks (and to some extent) governments are pulling out all the stops to delay what will happen.

It's a strange world indeed! :woohoo:

Anyway, ready to go short this week - but as a note to self, I must start looking more closely at the S&P rather than the Dow which is too wild.
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DOW 11 Aug 2020 07:22 #3

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THAT GAP AT THE TOP IS GETTING FILLED!
IF THERE IS GOING TO BE A PROFITABLE DJI SHORT, IT IS AT 28402.9$!


dow11.jpg
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DOW 07 Aug 2020 21:09 #4

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Yep.... good point MM
Some nice charts Libero!
For these golden and death crossovers the strongest move comes in the build to the crossover imvho
It’s the same for individual stocks as well.....

Once the crossover happens you do often get a reversal....

I think the real economic impact is still come with all of this.
With furlough due to end soon.... can companies afford to keep staff?

Let’s see....for the Dow it will all depend how willing the fed is to come up more cash .

atb
Trendfriend :)
Last Edit: 07 Aug 2020 21:10 by Trendfriend.
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DOW 07 Aug 2020 20:00 #5

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Look what happened when bearish death cross happened
20200807_195834.jpg
madmaxx
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DOW 07 Aug 2020 12:20 #6

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Golden cross has formed on the DOW, this is a bullish scenario.

www.marketwatch.com/story/a-bullish-gold...ustrials-11596740412
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DOW 28 Jul 2020 14:22 #7

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Hey folks,

Hope you're keeping well.

I've been meaning to do some meaningful analysis on the markets - alas time is unforgiving.

Also been scalping every now and then - but still on the sidelines more - which is burning me up! :evil:

anyway, for the past few sessions, i've found that buying on the floor area (took the green line as a light house) has been working well.

buy at support / selling where ever the gut-risk feels like - until it no longer works - in either direction.

Anyway, not advice or anything as the usual disclaimers say, just putting it out there.


Dow Hourly

https://ibb.co/RNk8QXK
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DOW 23 Jul 2020 10:16 #8

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Better not, but who knows, Nasdaq going parabolic asking for bubble to burst, in the menatime we almost completed 5 waves move form March low, currently in final stages of extended wave 5, wealth redistribution into gold and silver in recent days, hmm who knows. Definitely bigger correction coming to correct whole cycle from March low, if that big thing is about to happen, then war with China could be on the cards as don't think covid could do that big damage at this stage

Screenshot_20200722-194858_IGTrading.jpg
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Last Edit: 23 Jul 2020 10:28 by madmaxx.
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DOW 23 Jul 2020 07:48 #9

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Could history repeat itself?


DOW1930.jpg
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DOW 16 Jul 2020 07:17 #10

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DOW breakout?


dow10.jpg
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DOW 14 Jul 2020 07:40 #11

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Double top


dow9.jpg
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DOW 06 Jul 2020 07:48 #12

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China brakeout and long term target at 22000, is it already leading the world?
Screenshot_20200706-074614_IGTrading.jpg
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DOW 05 Jul 2020 12:48 #13

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dow-daily
uk.advfn.com/p.php?pid=chartscreenshotsh...Vowbmjp4BUHv+DJ5I5A=

Looking at the daily chart here not for trading but for general direction....

Negative divergence on the rsi....combined with the island reversal gap still being intact....would suggest more weakness imvho....

could be argued this is having a breather after strong run form 18k to 27k....and there's no denying the US markets have been strong....so it may be a case of more sideways....imho...
break above 26400 could signal a fresh move higher....
below 24840 calls for more down....

good luck...
atb, wdik, dyor,
trendfriend :)
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DOW 03 Jul 2020 10:25 #14

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Must find time this weekend to try and do a bit of detailed analysis - I dabbled in a few trades, and lost a couple (surprise surprise, going short! :woohoo: ). but will live to fight another day I hope! :)

For now, let me upload a "tweet" (is that it is?) which makes for interesting reading...

https://ibb.co/TkDXWMF
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Last Edit: 03 Jul 2020 10:26 by Libero.
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DOW 02 Jul 2020 14:06 #15

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The DOW has had a surge, thanks to the jobs data. :whistle:
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Last Edit: 02 Jul 2020 14:08 by longterm_view. Reason: chart added
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DOW 30 Jun 2020 14:45 #16

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DOW
DOW8.jpg

J
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DOW 25 Jun 2020 11:03 #17

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great post Libero...Bravo with the trading! nice work... B)

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...taK4PIcgXE8r1SX+cnE=

that 50 day ema line is the key and the first text imvho...currently at 221....
need a technical event like a gap below....with the rsi bang on support and about to make a lower low...this needs to bounce soon! :whistle:

below that a lower low would really set the cat among the pigeons! :evil:
plenty of gaps down below that which could do with getting filled...
i'm going to short below 221 during trading hours...with tight stops...risky because it bounced off that line the last time...

maybe we are going to see mr Powell turn up with more cash?

lets see!

atb, wdik, dyor,
trendfriend
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DOW 25 Jun 2020 09:50 #18

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Trendfriend wrote:
Still no sell signal imho.....Getting closer to a lower low..let’s see
It’s all going to depend on the second wave of the virus in US...

scalping all the way for me - I'm not holding anything longer than 30mins! :woohoo:

This makes me a sidelines guy for the most part.

I think the floor (range rather than a line) has been artificially set by the powers that be, and it will take an almighty mass "I want to sell, give me my money!" call to shake this baby hard (as in sub-24000)

Not sure about a second wave in the USA. I think they are still in the first wave - the curve hasn't Delta'ed sufficiently to call time on the first wave.

It's just going and going and going - still dangerously high; and because they (like us!) tackled it badly from the start, it becomes impossible to keep people locked inside for the summer.


I like most folks, am just watching on tender hooks. :ohmy:
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DOW 25 Jun 2020 00:13 #19

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Still no sell signal imho.....Getting closer to a lower low..let’s see
It’s all going to depend on the second wave of the virus in US...
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DOW 24 Jun 2020 19:09 #20

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longterm_view wrote:
Massive down day today.

Is everybody on the beach? B)

I'm here; but difficult to scalp and type.

looking for a short term reversal to the upside (a double bottom on the five minute charts)

but would like to see a healthy correction - again liking is one thing, whether it happens is another.
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DOW 24 Jun 2020 17:53 #21

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Massive down day today.

Is everybody on the beach? B)
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DOW 22 Jun 2020 13:48 #22

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really enjoy the inputs here - and great charts as usual!

You know, I stumbled on a chart recently - it's not trying to call the future, nor judge the madness of the moves these markets have been making.

Rather, it's simply a overnight sessions vs open market action of the S&P.

It is scary.

(attached)

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DOW 22 Jun 2020 12:24 #23

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dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...8HDcF4oKNk9QYzFiI%3D

this closed bang on 2 key levels the 20 and 200 day ema lines....
will gap below today?

seems to be coming down albeit in a controlled way....
the rsi should give the clue here....want to see how it opens today.. if the rsi makes a lower low it could well be the signal to short imvho....

atb, wdik, dyor,
trendfriend :)
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DOW 19 Jun 2020 11:17 #24

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Well, i'm not so sure about it, ftse, nasdaq and france just broke above recent high, the rest might follow
madmaxx
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DOW 19 Jun 2020 10:32 #25

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DOW CHART


DOW7.jpg
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DOW 18 Jun 2020 13:10 #26

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That was a crazy night for Dow, who trades it at at this time?, i think this up move can now be completed and down she goes, but i'm with you Trendfriend, only below recent low it will accelerate strongly. Dax managed to make new high and then collapsed which hints me an idea of this up move to be done, however dow and sp500 didn't hit its equal leg target hence i'm not sure.

Screenshot_20200618-131453_IGTrading.jpg
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DOW 18 Jun 2020 12:10 #27

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dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...eAEe2AsFbdMi0jz3Q%3D

well it looked like this was going to fly away.
As things stand the the gap from the island reversal is pretty much intact....and imvho at this moment it looks as we have completed the 1 and 2 points in a 1,2,3 high formation!

not trading this unless we move below 25,000.....as i think that is the bull/ bear line imvho...so lets see.

atb, wdik, dyor,
trendfriend :)
Last Edit: 18 Jun 2020 12:11 by Trendfriend.
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DOW 17 Jun 2020 20:40 #28

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Well, it seems to be working so far,if she is about to turn higher again after this correction then equal legs target is at 25640 which is cooincydenting with 50% fib line,, i'll be looking for some reversal around this levels, but dow+fed and anything can happen

Screenshot_20200617-203243_IGTrading.jpg
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DOW 17 Jun 2020 19:41 #29

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Trying to make my mind up, any idea
Screenshot_20200617-193555_IGTrading.jpg

was expecting something like this, but it got confusing, can this still be valid?

Screenshot_20200617-194014_IGTrading.jpg

something like this

Screenshot_20200617-200003_IGTrading.jpg
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Last Edit: 17 Jun 2020 20:00 by madmaxx.
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DOW 16 Jun 2020 14:25 #30

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the Fed said yesterday they would prop up even more...hence the 300 point swing late in the session (from 150 negative to 150 points positive).

More disconnected from the real world than anyone could imagine, but there you go...all normal...carry on :o
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DOW 16 Jun 2020 00:00 #31

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dow - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...JuTzzsXlEu13XEy5HL8=

well i thought that open below 25000 would see a big down day....but this is the Dow....it rebounded strongly.
That's 3 big candles in the last 3 sessions....i don't whats going on there?....but something is happening!
As bullish as this looked today....since the high at 27580 the dow is still making l/lows and l/highs....

I think while above 25000 the bulls are back in charge...lets see how this goes...i'm only a bear below 25,000....

Trading this is tough in these sorts of markets and big moves both ways...i think IG should add another warning for the dow in addition to the 76% lose money....
"if you trade the Dow it could well take your face off" :pinch:

atb. wdik, dyor,
trendfriend :)
Last Edit: 16 Jun 2020 00:02 by Trendfriend.
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DOW 15 Jun 2020 20:10 #32

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4h path i'm looking for, if its about to turn lower in longer time frame, possible good short entry coming,

Screenshot_20200615-200535_IGTrading.jpg
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DOW 15 Jun 2020 13:20 #33

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uk.advfn.com/p.php?pid=chartscreenshotsh...cnzFSjU9g0wvk+ngw+k=

the dows under real pressure continuing on from last week...

if it opens under 24956 (50 day ema line) the next target while below 25000 area would be 22800 imvho....and we have couple of gaps below 22800....

A big gap down today should provide the momentum trigger for a larger strong down move... ;)
This is very much short the rallies atm....while below that 25,000 the lows open up here again in my opinion.

lets see

atb, wdik, dyor,
trendfriend :)
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DOW 15 Jun 2020 08:30 #34

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Trendfriend wrote:
Yep thats the first part of the big crash which started in 1929....see the drop down to 200 then a big rally back up...before the real drop!! :evil:

Looks quite similar to now i think...

will history repeat itself?

for me atm....this needs to drop below 25000 with a technical event like a big gap down or a big strong down day for that island reversal to prove its the real deal.....that should provide the momentum trigger for further strong move down imvho....

atb, wdik, dyor,
trendfriend :)

Well TF,

I was convinced it 1937-1939, but what's a few years between charting friends! :P

Now, pre-market - it looks like you've got your wish. We hit a strong support line (i call it a strong one because I drew the line ages ago it seems, and lo and behold, it bounces "near" there). at 24548.

Anyway, it's all about the closing prices I can hear you saying. So fingers crossed.
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DOW 14 Jun 2020 23:58 #35

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Yep thats the first part of the big crash which started in 1929....see the drop down to 200 then a big rally back up...before the real drop!! :evil:

Looks quite similar to now i think...

will history repeat itself?

for me atm....this needs to drop below 25000 with a technical event like a big gap down or a big strong down day for that island reversal to prove its the real deal.....that should provide the momentum trigger for further strong move down imvho....

atb, wdik, dyor,
trendfriend :)
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Last Edit: 15 Jun 2020 00:05 by Trendfriend.
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DOW 14 Jun 2020 16:18 #36

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Something to think about, while dow and sp500 got 5 waves down on 4h chart and some kind of rsi divergance
Screenshot_20200614-145923_IGTrading.jpg


then other indices like ftse,dax,france made only 3 waves and more downside should fallow

Screenshot_20200614-150250_IGTrading.jpg

then on daily time frame on this indices we've got inside bar

Screenshot_20200614-150902_IGTrading.jpg

So 3 options here imo, consolidation in another inside bar forming triangle,or up she goes above inside bar, or down below inside bar,

Weekly Nasdaq chart with kind of shooting star

Screenshot_20200614-151005_IGTrading.jpg


just my thoughts
madmaxx
Last Edit: 14 Jun 2020 16:29 by madmaxx.
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DOW 13 Jun 2020 17:56 #37

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madmaxx wrote:
There are some similarities, it looks like one from 1930?,

Putting my Dow History Hat on, I'd say 1937-1939 - maybe? :unsure:
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DOW 13 Jun 2020 17:39 #38

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There are some similarities, it looks like one from 1930?,
madmaxx
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DOW 12 Jun 2020 21:47 #39

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dow-daily
uk.advfn.com/p.php?pid=chartscreenshotsh...qQIMA9BzK6ELu2+Duig=


dow-jones.png


anyone else think the current chart in the link (above) looks like the chart i have attached?? :whistle:
or maybe i'm using my imagination too much these days! :lol:

lets see what you guys think please??


nice charts guys....will take a closer look at the weekend :)

atb
trendfriend
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DOW 12 Jun 2020 21:13 #40

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Indeed MadMaxx,

Did the Fed intervene (via Blackrock - never directly) yet again and again? was this a buy-the-dip? was this Robin Hood? - I mean who buys into the end of the week to lift the market some 500-600 points - after an 1,800 point sell off the day before?

I don't know.

It's a down week but not sure about the engulfing candle on the weekly - it's a rare occurence - I though we're about to witness it again!

https://ibb.co/n8Lp39y
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DOW 12 Jun 2020 20:29 #41

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It looks like move completed to the down side, now abc up and down again, but to be honest this looks kind of bullish atm and i would not be surprised if it goes higher from here, but we have to wait for finish first, crazy market, one must be very quick as swings widely

Screenshot_20200612-202654_IGTrading.jpg
madmaxx
Last Edit: 12 Jun 2020 20:32 by madmaxx.
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DOW 12 Jun 2020 19:31 #42

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Trendfriend wrote:
This started from a good number today :ohmy:
Sets us up nicely for the close! ;) :evil:

The bulls are going to get smashed!

Let’s see where we finish... if 25000 get broken then we should gets a big move down imvho...

atb
trendfriend

hey TF. looking good for a pull back, but pulling away from 25,000 it seems - one last stand by the short term bulls perhaps?

Have a look at this weekly S&P (obviously - there's about 90mins left for the week to finish - the cash week that is).

what do you reckon, I've not seen a bearish engulfing like this since the back end of 2018?

By all means let me have your views - i'll do one for the dow after the close.

https://ibb.co/tZwgHRf
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Last Edit: 12 Jun 2020 19:32 by Libero.
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DOW 12 Jun 2020 19:13 #43

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This started from a good number today :ohmy:
Sets us up nicely for the close! ;) :evil:

The bulls are going to get smashed!

Let’s see where we finish... if 25000 get broken then we should gets a big move down imvho...

atb
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Last Edit: 12 Jun 2020 19:14 by Trendfriend.
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DOW 12 Jun 2020 12:25 #44

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My path for move down if thats the case,and sp500 broken its trenline, trying to re-test it maybe?
Screenshot_20200612-121621_IGTrading.jpg


Screenshot_20200612-121826_IGTrading.jpg
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DOW 12 Jun 2020 11:09 #45

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I was thinking the same,it also bounced of 50%fib line, but thets where the confusion stars with waves for me, wave 4 can be now completed and up she goes to the new high, other indices and oil have similar pattern, or its wave 4 of down move, only time will tell, agree on key levels to watch,

Screenshot_20200612-092857_IGTrading.jpg
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DOW 12 Jun 2020 10:46 #46

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dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...prAL8z1LktRMIhG5g%3D

well this held the trendline yesterday pretty much perfectly....and seems to be in a much better mood today :)

that was a huge move down....and while this is still holding the uptrend and the bull move since the crash is still intact...
the setup looks a lot more bearish now then a couple of days ago imvho ;)
the rsi has broken the trendline and that island reversal doesn't play out in a day!

Lets see how it does today....looks like a retest of the 200 day ema line imho...then back down??

24925 (50 day ema line) and 25075 (main trendline) those two are the key here imho...and the rsi if it falls below the 50 neutral level....that would set us up for more big down moves.. :evil:

atb, wdik, dyor
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Last Edit: 12 Jun 2020 10:49 by Trendfriend.
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DOW 12 Jun 2020 10:01 #47

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Ronmould wrote:
...i only ever used my phone to get quick update on prices or movement, always looked at laptop for analysis but you've started to spin that on it's head Maxx - think the compressed nature of looking on a phone screen does make waves much clearer and I've only come to realise that from your charts, i'm with Libero, love them!

...and great call on Fuelcell the other day, they made it onto my watch list after you posted but unfortunately i didn't bite.

Hi Ronmould,
I only use my phone for charts, i'm finding this much clearer to see, ie chart patterns like this, the one thing i need to see on charts, plus support and resistance levels, IG makes brilliant mobile charts.

Screenshot_20200612-094230_IGTrading.jpg


In regards to waves, i'm very happy i could help you with finding new way of looking at them,but my knowladge about EWT is very limited.

FuelCell is still on the cards, not much missed after yesterday drop, but i'm some how confident it will reach its 560 target, and hopefully make all the way to the top :evil:

Screenshot_20200612-095944_IGTrading.jpg


Regards
madmaxx
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DOW 12 Jun 2020 08:45 #48

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...i only ever used my phone to get quick update on prices or movement, always looked at laptop for analysis but you've started to spin that on it's head Maxx - think the compressed nature of looking on a phone screen does make waves much clearer and I've only come to realise that from your charts, i'm with Libero, love them!

...and great call on Fuelcell the other day, they made it onto my watch list after you posted but unfortunately i didn't bite.
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DOW 11 Jun 2020 21:45 #49

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Closed 25128, down 6.9%....
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DOW 11 Jun 2020 21:30 #50

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On a quick look, only on phone.

Perhaps somebody could post a closer up chart....

I have a trend line break and a break of the SMA20. :whistle:
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