Dow

This is in a 150 point trading range and which ever way it breaks out should yield 150 points.
Im favouring an up break.
Up above 12900
down below 12743

If this does breakout above 12900 then i will look to short on first attempt at 13038
obviously ill be long before that
DYOR
remo

Remo, the dow looks to have some good consolidation around the 12800, i have traded in and out for the day on this, will wait for a pullback then go again. KI.

dl.dropbox.com/u/40497882/DOW_13_11_12.jpg

Hi kI

its basically looking at the 123 breakout point from the hourly chart. So the 123 low point.

It give you an idea of the turning point.
In this case if it breaks out past 12890 then that could be a buy signal. Stops would have to be below the 3 point on his chart.

I normally use this on daily time frames but like any thing you can use it on all time frames.

A finish above 12890 today and you should get a rally of soughts.
dyor
remo

Ocean10 wrote: Chart for illustration purposes

Ocean, i dont understand this chart, what am i missing ?