DOW

I was looking at that trend line in the monthly the other day thinking similar....was also looking if there was a wave count which could fit with us being in a huge Enid g diagonal that started back in 2018

TF,

Why is my chart totally different from yours

I think if DOW doesnt break out from 31054, it can go down... on weekly and daily chart attached...

ta
G

dow - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...6pemc2tb28bPlmqa4%3D

You know for sure we are currently in a strong bull market when we have a complete disconnect between the real world and the markets....and i know these markets look ahead....but seriously we have economies devastated and borrowing sky high!!

at the end of the day traders must respect the market to win.....and these markets are (for me) saying up, up and more up imvho....all of that QE....pump, pump and more pump!

35,500 > 40000+ targets for 2021....

I see no reason to short this imho....you can only short if you have a reason to do so....like a gap below the 50 day ema line or a lower low.....or weakness in the rsi...etc.

Currently i think its a case of "if you can't beat them.... then join them"
Buy the dips....no selling and shorting....imho

At some point it will all come crashing down...but when??

atb, wdik, dyor,
trendfriend

The Dow caught me off guard yesterday. I went in a bit too early and got stopped out.

After briefly breaking out. of the wedge to the downside it’s not done it to the upside.....wondering if the market is expecting more financial stimulus due to what look like they will be couple of horrid months covid wise in the US but going to be sitting on my hands for a while with the DOW as seem to have been wrong about every move the last couple of months!

So....firstly Happy new Year
The Dow gas continues. It is retesting various levels and looking at them price action does not want to go down.

Back to the basics the charts points towards and up trend- with loads of buying at the pull backs.

I thought 30000 was high now it seems to be heading towards 31k. Mental.