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DOW
5 years 11 months ago #16408
by rbowall
Big news just now.. 0.7Tn of QE and zero interest rates, plus a load of other banking restrictions lifted. What's this going to do for the Dow tomorrow?
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5 years 11 months ago #16407
by waverider2
Replied by waverider2 on topic DOW
The Dow seems to be doing this quite a lot recently, it flys up just before close only to tank after market hours (also called the taliban hours). It generally sucks in the buyers only to cane them after market hours - wonder why this is happening - i think its traders just closing the positions before new ones are opened (all on the short side)
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5 years 11 months ago - 5 years 11 months ago #16401
by Trendfriend
Replied by Trendfriend on topic DOW
Yes it was the trendline i was talking about...but not the standard trendline...connecting the bottoms...which off course is perfectly good t/line....
I'm drawing the main t/line differently...Not competing in any way here...or anything. like that...i just think this is is a better trendline imho....
Yes it has a bear trap break the t/line in 2016 ...but that break still held the 200 day ema line....so the uptrend remained....but wdik....
I think that rally into the close on Friday...was a retest of that t/line...although it did close a tad above it...with these big moves....a bit tolerance should be allowed...
dow -weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...UYA4wPXePkpvcruvyXk=
close up...
uk.advfn.com/p.php?pid=chartscreenshotsh...JKE397jWjfBUaoOxTes=
So its come back and even closed above....and now going gap back below!!
In any case as things look atm... the gap down on Monday will quite possibly be so big it may open below both trendlines...

even though it will open strongly down...i do think last weeks low will hold...and this could consolidate a tad this week...before heading lower again for another leg down....so lets see...
dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...MpYCWlAX1zrumduofEM=
atb, wdik, dyor,
trendfriend
I'm drawing the main t/line differently...Not competing in any way here...or anything. like that...i just think this is is a better trendline imho....
Yes it has a bear trap break the t/line in 2016 ...but that break still held the 200 day ema line....so the uptrend remained....but wdik....
I think that rally into the close on Friday...was a retest of that t/line...although it did close a tad above it...with these big moves....a bit tolerance should be allowed...
dow -weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...UYA4wPXePkpvcruvyXk=
close up...
uk.advfn.com/p.php?pid=chartscreenshotsh...JKE397jWjfBUaoOxTes=
So its come back and even closed above....and now going gap back below!!
In any case as things look atm... the gap down on Monday will quite possibly be so big it may open below both trendlines...
even though it will open strongly down...i do think last weeks low will hold...and this could consolidate a tad this week...before heading lower again for another leg down....so lets see...
dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...MpYCWlAX1zrumduofEM=
atb, wdik, dyor,
trendfriend
Last edit: 5 years 11 months ago by Trendfriend.
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5 years 11 months ago #16399
by remo
Yep it held nicely during market hours....but did go through pre-market and went down 500 points lower...lol...
This weeks coming should be crazy, as I’m sure the down move will continue as America are doing more test so there real figure may suprise them and if it does then it can turn..
This weeks coming should be crazy, as I’m sure the down move will continue as America are doing more test so there real figure may suprise them and if it does then it can turn..
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5 years 11 months ago #16394
by longterm_view
Replied by longterm_view on topic DOW
Uptrend line held?
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