DOW

I understand the markets are forward thinking - and we should always trade what we see, plus a stop loss about 50,000 billion points wide this time!

But! I reckon something is being missed / overlooked - call it a disconnect. chain links within the global supply chain is broken, not on pause; broken.

We've got a build up of serious problems (from health issues being allowed to build up and fester, to economic depressions, and debt).

I thought one of the reasons the market jumped up is because Agent Orange said he's opening up the country, alongside news of Gilead, and Roche and others too.

That being said, I learnt about a decade ago (from a guy i know here - take a bow Remo!), to trade the charts - thinking about the rest will make us go mad.


I wish everyone here good health, and let's keep these message boards going, I think it has been great during this time of isolation and crisis!

Shares of Gilead Sciences Inc soared 15% on Thursday after a media report suggested that severe COVID-19 patients were positively responding to the drugmaker's experimental treatment remdesivir.
A Chicago hospital treating COVID-19 patients with the antiviral medication as part of a trial is seeing rapid recoveries in fever and respiratory symptoms, with nearly all patients discharged in less than a week, according to medical news website STAT

This is the reason markets jumped so much...

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...f4RH62QaRQAlZvXZ8%3D

That's the Dow for us!! just when you think a decent drop will happen....
up it goes....and if it gaps up above this wedge for what will be a second higher high then it really is bye bye to the bears imvho...

Looks like trumps is starting to open up the lockdown already!
i thought they were a few weeks behind us?!?

if the markets start seeing that the worst of this is over and we are past the peak...then the upside could well be strong here....we may even make new highs in a week or two!!
bonkers

atb, wdik, dyor,
trendfriend

remo wrote: Yep....gone crazy.....I had to close my shorts for a big loss....then reversed to long.....
It looks like it’s heading towards the 61.8 fib....I will look to short at that level now...and not before..,
Serious strength in the markets.......

24300 was a beauty, but you're right, this one goes to 25200 (which is 61.8 by my reckoning - happy to be corrected).

And yep Remo, it is brutal - losses are so damned hard to take - it's like pushing a rock up a mountain trying to get the cash back.

But, I'm not sure there's serious strength - i don't know that much to be fair, but this move up wasn't built on any strong foundation (apart from the Fed maybe!)

Yep....gone crazy.....I had to close my shorts for a big loss....then reversed to long.....
It looks like it’s heading towards the 61.8 fib....I will look to short at that level now...and not before..,
Serious strength in the markets.......

longterm_view wrote:

chief66 wrote: Heading very close to 22770

If it closes below 23300 would it correct to assume a bearish signal down possibly to 21000?,

Looks like a H&S to coincide, with TF’s support line.

I'll hold on for now....

Massive Spike some +700 points on the Dow after the close.

markets like death and disease. who would have thunk it!