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4 years 11 months ago #17461
by Trendfriend
Replied by Trendfriend on topic DOW - resistance
dow- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...ivx2lSVk5WjZ1LdTBmk=
outside down day on thurs played out perfectly with another down day Fri...
Not surprised to see a rally again as its a strong bull market and the rsi held support..
This is nicely inside this triangle only below 30300 would i be worried about lowe.
so 30300 no break no lower

above 32000 should see a new leg to the upside.
atb, wdik, dyor,
trendfriend
uk.advfn.com/p.php?pid=chartscreenshotsh...ivx2lSVk5WjZ1LdTBmk=
outside down day on thurs played out perfectly with another down day Fri...
Not surprised to see a rally again as its a strong bull market and the rsi held support..
This is nicely inside this triangle only below 30300 would i be worried about lowe.
so 30300 no break no lower
above 32000 should see a new leg to the upside.
atb, wdik, dyor,
trendfriend
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4 years 11 months ago #17460
by waverider2
Replied by waverider2 on topic DOW - resistance
I have got the following resistance points for the Dow:
- 31200, 31400, 31600 and 32000
Anyone care you post their numbers here ?
Many thanks
Warren
- 31200, 31400, 31600 and 32000
Anyone care you post their numbers here ?
Many thanks
Warren
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4 years 11 months ago - 4 years 11 months ago #17459
by waverider2
Replied by waverider2 on topic DOW
This is interesting - however it is a nice catalyst for short covering and short term bounce.
Point to note - the Nasdaq was the lead indicator for a long time and the trend line has recently broken and not recovered .
The Dow is on the ling term upward trajectory but there is an opportunity to get into some lower price in my opinion.
The price action during the last hour on Friday last week very interesting to say the least.
I might be shot down for saying this but I am temporarily looking for opportunities to go short
Point to note - the Nasdaq was the lead indicator for a long time and the trend line has recently broken and not recovered .
The Dow is on the ling term upward trajectory but there is an opportunity to get into some lower price in my opinion.
The price action during the last hour on Friday last week very interesting to say the least.
I might be shot down for saying this but I am temporarily looking for opportunities to go short
Last edit: 4 years 11 months ago by waverider2.
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4 years 11 months ago - 4 years 11 months ago #17458
by Paitech
Last edit: 4 years 11 months ago by Paitech.
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5 years 6 hours ago #17457
by Paitech
Hi all,
attached my DOW chart...Will it stop at 30000?
ta
G
Good weekend all
attached my DOW chart...Will it stop at 30000?
ta
G
Good weekend all
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5 years 11 hours ago #17455
by waverider2
Replied by waverider2 on topic DOW
So again trying to get some clues from the leading indices (US tech 100 one of them) and Gold
So for the Dow i have the following points as numbers to watch to validate a potentially bearish position...
1. 31244
2. 31153
3. 30819
Comments welcome (like the good old days, where everyone was throwing in charts and supports and resistance)
So for the Dow i have the following points as numbers to watch to validate a potentially bearish position...
1. 31244
2. 31153
3. 30819
Comments welcome (like the good old days, where everyone was throwing in charts and supports and resistance)
The following user(s) said Thank You: Paitech, Syrian Empire
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