DOW

i use a calculaor and log both open and closing prices... old fashioned...

so if you use jacks numbers... then todays big number should have been 15340...

why ?????

well 15281 - 15399 = 118 points / 2 = 59
59+15281= 15340

now if you look at todays action, it broke down from 15340 that level in futures.. on market opening it tested that level, pulled back ( put in a handle) then smashed through it ....

just one of many methods..

what a market

Traderme wrote: Thanks for your informative posts.
I am curious as to know where you got yesterday's high and low figured for Dow,cash or futures index?

We get our prices from the charting software we use.
Jackozy uses Updata and there charting software has a live feed to the markets as such.
I use metastock pro and thats the same as they get there prices from the markets.Metastock pro is powered by reuters.
when using proper charting software it should be reliable as prices are coming from the exchange as such. You have to pay a small fee for this.
hope that helps
remo

Thanks for your informative posts.
I am curious as to know where you got yesterday's high and low figured for Dow,cash or futures index?

I'm waiting to go long if/when it gets to the channel support (unless there are warning signs). Yesterday was an inside bar but the covering candle was big so stops would need to be very wide to trade that correctly.

I have the key numbers for today as short below 15281 and long above 15399 - yesterday's low and high respectively. There could also be a triangle in play which would fit a possible wave 4 in this 3 of 3:



dl.dropboxusercontent.com/u/20815047/FTS...Dowdaily31_05_13.gif

Considering a short at the break of 15157 - 123 high. only considering mind

And just for a bit of fun - for those who really like to play the long game...



Also, a nice short read on the DOW (with charts):

www.rinkeyinvestments.com/resources/wall-street-myths.php