Cookie Policy

Chartsview Blog

The Latest Blogs from Chartsview

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Archives
    Archives Contains a list of blog posts that were created previously.
  • Login

Dow daily 18/06/13

by in ChartsView Blog:
  • Font size: Larger Smaller
  • Hits: 3133
  • 0 Comments
  • Subscribe to this entry
  • Print
3133
Picture
I had the Dow Jones in a wave 4 pattern and posted that it may have ended at the 14844 low. I've changed my mind on this and now think we're in wave B of 4. I'll be looking to go short at 15409 if it gets there today. If not the target price will drop for tomorrow's cash chart. I'll have stops in place of course.

Wave 4s do usually cause this confusion as they're the main battle area between bulls and bears hence the violent moves and uncertainty.

Remember, index trades carry a great deal of risk unless managed very carefully. Leverage is high and the Dow can move 100s of points in less than an hour someti
0
Trackback URL for this blog entry.

Comments

  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Friday, 04 October 2024