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DOW- Remo

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6 years 3 weeks ago #16191 by Trendfriend
Replied by Trendfriend on topic DOW- Remo
Hi Everyone..... :)
been a while.....no time to trade and hence post....mad busy....
Hope everyone been keeping well....

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...IaevQkXPxRQ0Vfkbg%3D

looks like a top is building here imvho....is it just going to be p/b or the big one??
28443 for l/low....and get those shorts in....stops are a must as always....

good luck folks....with whatever your trading atm....
atb, wdik, dyor,
trendfriend :)
The following user(s) said Thank You: roxalana, cautious tone

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6 years 2 months ago #16175 by remo
Replied by remo on topic DOW- Remo
Ive been sitting on the sidelines for a while now on this index as its hard to trade for me as ive been expecting a down trend for a while now yet it keeps going higher.
28175 is the next resistance level.
support: 27400
The key area to watch on this index is the 200ema for me...If this goes below and stays there for a while then you could have a signal for a down trend.
But so far every attempt and staying below has caused a massive rally..
26570 is the area to watch for 200ema and also keep an eye on the trendline at 26690 this could be the first sign of a correction. if this level breaks.

The following user(s) said Thank You: Trendfriend, MRA4, cautious tone

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6 years 3 months ago #16159 by 1raja
Replied by 1raja on topic DOW- Remo
Any latestest charts Remo.. the Dow seems to have smashed all resistance levels?
Also any charts or views on Gold in relation to this.. thanks inadvance

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6 years 5 months ago #16083 by madmaxx
Replied by madmaxx on topic DOW- Remo
Thats how some Ewt people view S&P500, there are some with bearish view as well, but i like this one

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6 years 5 months ago #16069 by 1raja
Replied by 1raja on topic DOW- Remo
Thanks for your views Remo.. much appreciated as always!
Levels noted ;)

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6 years 5 months ago #16051 by remo
Replied by remo on topic DOW- Remo
This was my favourite index to trade . Now that the index is quite high i don't place as much
trades on this due to the crazy moves and wide stops required.

This has been in a sideways market for the past 2 years and it can be quite difficult to trade,
Im just waiting for a clear signal to form on this.

support...25600,,,,24718,,,,23310
resistance...26517(gap),,,,27077,,,,27398



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