DOW

longterm_view wrote:

remo wrote: There has been a 123 low on the Dow daily...
I’m currently long but it’s only for the short term as remember, bear markets last around 6-9 months minimum...and it’s no way over just yet....there is way to many bad news out there and America is in a bad place currently and very likely to fall once they realise how bad they are ...
Even if we have seen the worst of the virus in Europe it’s done the damage to the world economy so the effects will only be seen in the next few quarters so very doubtful that we have bottom just yet...
I’m currently long and will go short at the fibs...

Remo, many thanks for the charts and info.

I understand why you took the 1-2-3 low trade, on the daily basis.

Did you take the first trade,(based on your chart above) on the hourly? Was it a breakout of the consolidation? As attached chart?

Many thanks in advance.

Hi long term,
Yes, but I watch closely before entering....also it was after the third wave move down that I new it was likely to be the next up wave back up....
I’m now short on the Dow....lol...seen how the markets were turning down fast....

This entry was also based on a potential 123 high n the hourly...

Dow more or less opened at the gap and just declined from there. This coincided with FTSE 123 low resistance at 5780 ish today.

Watch out for the gaps, fibs and trendlines

Good call trendfriend.

I think Jerome's gonna need a bigger bazooka

remo wrote: There has been a 123 low on the Dow daily...
I’m currently long but it’s only for the short term as remember, bear markets last around 6-9 months minimum...and it’s no way over just yet....there is way to many bad news out there and America is in a bad place currently and very likely to fall once they realise how bad they are ...
Even if we have seen the worst of the virus in Europe it’s done the damage to the world economy so the effects will only be seen in the next few quarters so very doubtful that we have bottom just yet...
I’m currently long and will go short at the fibs...

Remo, many thanks for the charts and info.

I understand why you took the 1-2-3 low trade, on the daily basis.

Did you take the first trade,(based on your chart above) on the hourly? Was it a breakout of the consolidation? As attached chart?

Many thanks in advance.

Paitech wrote:

Libero wrote:

Paitech wrote: Libero, its about Easyjet. I read without that money, by june it would have been close the shop...
so eventhough its debt, that lets it carry on more....
Most business runs on Debt, not on full cash....

Excuse me Paitech, I must have misread it...

The Dow thread, the markets, easyjet rising amongst others.... I figured you meant the markets are up because of easyjet

Anyway, I get what you mean - they've been given a life-line. Still, my position on DEBT stands.

Debt will weigh heavily once the eurphoria passes.

Libero, if you read it,

didn't i say I must have misread it.


anyway, the markets are pulling back.