DOW

sorry did not answer your question
Its been a buy on the dow since 3rd jan and no other signals have turned up yet. Its very close to giving a sell signal but even if it does the confirmation for that will take a few weeks latter to confirm it.



I do know how to use it thou and its a nice system

Amo wrote: Cheers Remo. Out of interest do you ever use the RMO that was presented yesterday. I'm looking to take up the trial but I'd be interested to know what it was saying about indices such as the DOW right now. I suspect it would be a buy.

Nope is the simple answer.
My methods dont use any one particular system. I generally trade of trend lines and resistance and support lines and any technical that looks good. i mainly use candlesticks charting as my main charting.
I use supports and resistances primarily to trade off.
Ronnie is going to try out the RMO soon once she is comfortable with it.

The reason its not for me is the delay in getting into the trade. Its great when you ride it out.
Its a good system thou but i like to catch the moves early so not for me.
Its a good system for total newbee as it incorporates strict rules and that is what is needed to succeed in these markets.
I dont use any systems as i use my own methods. You should only use what works for you.
Like i said this system is good for someone that does not have a trading plan as such or that are new to the markets.
System trading gives you discipline and that is what is needed to win in the markets.

Let us know how it works out for you

Have you noticed that a break upwards out of the trading range gives a target of 14025 + (14025-13860) = 14190.

Ring any bells?

Cheers Remo. Out of interest do you ever use the RMO that was presented yesterday. I'm looking to take up the trial but I'd be interested to know what it was saying about indices such as the DOW right now. I suspect it would be a buy.

Amo wrote: Hi Remo,

Is 13860 still a key closing level for the DOW?

Thanks
Amo

Yep. Its the key to bigger falls.
Thats at the bottom of the trading range
1 hour chart is below so as you can see the trading range more clearly


If the dow finishes below 13860 then look for a 160 point drop at least.
Thats roughly the size of the trading range.

The levels to watch are
up above 14025
down below 13860

A close above or below these levels should go in that direction.

dyor

Hi Remo,

Is 13860 still a key closing level for the DOW?

Thanks
Amo