DOW

all time highs, mmm, i think a Bull may want to take them out , get one over on the Bears.
However my plan would be to wait for a retest should it breakdown. Good luck all

1 Pez 1 wrote: I too think it will overshoot it's high as it seems every man and his dog is waiting to short at this level.

I will bet small on first attempt and see how it plays out.

Everyone knows of this level.
But how are they going to trade it???
Im going short on first attempt only as thats my style of trading.
Everyone has a different style and a lot of people dont short.
A lot of people will try and catch the breakout to the upside(most beginners).
so its not really that clear as i know of a lot of people that wants to go long.
Most people on this board knows what im planning
Im planning on going short with a 40 point stop just incase.

so my point is even thou people know of the high on the dow what are they going to do about it.
I bet its a mixed bag.

I have a small SHORT position open from 13976 which was the high on 30th of Jan.

My SL is 20 points.

My entry was based on divergence on 4H chart + yesterdays candle making a LH and a LL

I have a sneaky feeling that today may be the day!

I too think it will overshoot it's high as it seems every man and his dog is waiting to short at this level.

I will bet small on first attempt and see how it plays out.

yep and guess where my inv h&s target on the daily take the dow to ?

14200 ish.

will pop a chart later on.