DOW

Must find time this weekend to try and do a bit of detailed analysis - I dabbled in a few trades, and lost a couple (surprise surprise, going short! ). but will live to fight another day I hope!

For now, let me upload a "tweet" (is that it is?) which makes for interesting reading...

https://ibb.co/TkDXWMF

The DOW has had a surge, thanks to the jobs data.

DOW

J

great post Libero...Bravo with the trading! nice work...

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...taK4PIcgXE8r1SX+cnE=

that 50 day ema line is the key and the first text imvho...currently at 221....
need a technical event like a gap below....with the rsi bang on support and about to make a lower low...this needs to bounce soon!

below that a lower low would really set the cat among the pigeons!
plenty of gaps down below that which could do with getting filled...
i'm going to short below 221 during trading hours...with tight stops...risky because it bounced off that line the last time...

maybe we are going to see mr Powell turn up with more cash?

lets see!

atb, wdik, dyor,
trendfriend

Trendfriend wrote: Still no sell signal imho.....Getting closer to a lower low..let’s see
It’s all going to depend on the second wave of the virus in US...

scalping all the way for me - I'm not holding anything longer than 30mins!

This makes me a sidelines guy for the most part.

I think the floor (range rather than a line) has been artificially set by the powers that be, and it will take an almighty mass "I want to sell, give me my money!" call to shake this baby hard (as in sub-24000)

Not sure about a second wave in the USA. I think they are still in the first wave - the curve hasn't Delta'ed sufficiently to call time on the first wave.

It's just going and going and going - still dangerously high; and because they (like us!) tackled it badly from the start, it becomes impossible to keep people locked inside for the summer.


I like most folks, am just watching on tender hooks.

Still no sell signal imho.....Getting closer to a lower low..let’s see
It’s all going to depend on the second wave of the virus in US...