DOW

Jeez it’s been while, Hope u gals n guys are all well and safe in these turbulent times...

As for the Markets, Stay calm, don’t over leverage and be sensible.

I will post a chart later this week for what’s is worth, I like 18156Dow.

Tech is lagging would really like to see below 4646 dailyclose, key us market will all align to confirm the bear. Nas, spx, and Dow

Bottom line as I see it - major 1 at the top, that’s my preferred view anyways, current in m2 bear, with an outside chance of this being cycle top correction , either way line in sand lowest daily close in feb 2016.

All imho.
take care

Ws

I’ve closed my longs on the Dow....
Gone short but may sit on sideline due to witching ....very crazy volatile trading today...

I’ve noticed a bullish pattern on the Dow and even ftse...
The Dow, if it breaks above 20500 it could signal a possible move of 1500 points higher to 22000.....
The pattern is a rounded bottom....it’s clear to see on the hourly...
Ftse 100.... has similar patterns in different time frames as well...rounded bottom on 1 hour and also 5 min....
The main trend is still down so bear that in mind ,also due to corona virus it’s kinda risky going long .
I will be going long as I always watch the markets and will be ready to close my longs in a hurry..
Also bear in mind it’s Friday and I would not be holding positions during the weekends due to corona virus...







Also it’s triple witching day today...loads of shorts contracts will be closing out so may add to bullishness ....

Well, we got back into the 18000s today but with quite a strong rally into the close. Lots of support around the 18000 level which coincides with the 50% Fib:





Whatever you do, be careful.

remo wrote: The Dow has resumed the down trend again...lol..
Every time the Dow makes a huge day gain, the next day it seems to reverse with more power..it’s like a pattern...lol..

There were tons of stimulus packages around the world today so hence the markets bounced a bit.

Even our government joined in for once, even thou late to the party.. ...Busineses getting 330 billion in loans backed by government..Thats 25k per business......sounds good but still a dept thou......I like the 3 months Morgage freeze for everyone...Let’s hope they do that as that will help people a lot....they should throw in free council tax for the rest of the year as well....lol...

Exactly Remo - The problem is, all the stimlus packages smell of panic and cronyism.

With regards to "our" government - they need to take a leaf out of Trump (werid I know!) and just give the cash to the people directly.

why? well:

1. We the people bailed out the banks a decade ago, and a fat lot of good it did for everyone (decimated the health and justice systems to name a couple of issues!)

2. A universal "cash drop" won't discriminate. Think about it, you'll give a mortgage holding landlord relief, but won't give a rent payer (who actually might need it more perhaps?) any help? That's messed up.

And I speak as a guy that can retire now, some 30 years before I have to (not that I want to), but I can't live in an ivory tower whilst fellow human beings - through no fault of their own - get ripped to shreds - again.

This stimulus package can be exploited - dangerously. We've recently had non-tax-paying billionaire luvy Branson asking for a bail out (from the tax payer), as he put his staff (i.e. tax payers) on 12 weeks unpaid leave.

Just my two cents (in the wrong forum I guess!)

I'll go back to my cave, trading fish and chip money

The Dow has resumed the down trend again...lol..
Every time the Dow makes a huge day gain, the next day it seems to reverse with more power..it’s like a pattern...lol..

There were tons of stimulus packages around the world today so hence the markets bounced a bit.

Even our government joined in for once, even thou late to the party.. ...Busineses getting 330 billion in loans backed by government..Thats 25k per business......sounds good but still a dept thou......I like the 3 months Morgage freeze for everyone...Let’s hope they do that as that will help people a lot....they should throw in free council tax for the rest of the year as well....lol...