DOW

I hadn't looked at the chart properly since close on Friday. You're right - a beauty of an inside bar.

Roll on Monday, the weather's finally warming up just in time to put the shorts on lol!

1. - wicks etc as per you below comment - dont matter, not that significant imo
2. 14 March candle long green body - check
3. 15march candle has short red body Check
4. 15march candle is is equal to previous day high - Check
5. inside price action - check

tentative conclusion until i get confirmation which is KEY is:
2 days in a row of equal highs signalling a resistance and formed at key pivots and fib clusters, along with a print of that type of candle formation. This could signal a short term top is forming.

Regards WS

WaveSurfer wrote: Just as thought - you beauty !!!

cheers J

Just as thought - you beauty !!!

cheers J

Here you go WS:



dl.dropbox.com/u/20815047/Dowdaily16_03_13.gif

Updata's been playing up again this am so no chance to look in more detail and the missus won't be happy if I spend more time working now, especially if I want to watch the England v Wales game with a few cold ones later on!

BTW, the SPX daily has a smaller "head" than the Dow and long "tail" which penetrated its equivalent short term uptrend hence my Q re hanging man. Not a tweezer top though. Another thing, you may want to look at the last 3/4 daily FTSE candles and compare with the March 2012 top.

Better go...have a good weekend all (will try and look for more detail tomorrow if I get chance)

Can somebody with cash market charts, Updata etc, not futures, please post the daily chart up ?

i'm seeing some discrepancies on the candlestick would like too see what updata or any other cash chart print has on it.

daily displaying a tweezer top formation ?

in the meantime DOW 14465 is the big number, no break no lower. as for correction i'd think the first target would be to look at the breakout point of 14200/156, confirmation of a break & day close of that then we 'll look to lower targets as J has mentioned below.

thanks in advance.