DOW

I see The main trendline from 2009 & 38% fib support shown above on the monthly chart are both near where we are, surprised how quickly the down moves have been

38.2% Fib of the entire run up from 2009 low is at 20750. Main uptrend support (if there is such a thing as support at the moment) is at c. 20820 tomorrow. Having said that there's no point trying to be too precise as the volatility is totally nuts.

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...ONbNobOhER60v4LEjN4=

strong support at 21700....now it has come back above that level....it should hold imvho....for a rally before the next leg down....but wdik...

atb
trendfriend

just gone long at 21711.
stop 300 for now!


biggy so wish me luck....bullish div on rsi...so due a bounce imvho...

atb,wdik,dyor,
trendfriend

Just had to close all my positions on the short side ...as just looked and the market just rebounded over a 1000 points ....
This was happening while I was typing...lol...
Dam....that will teach me to post while trading...dohhh...

Libero wrote: interesting times (again!)

Can we even short this market - IG was having problems with logging in a few times....

In any case, stay safe people - and dare I say, some stocks look good for picking (or at least watching!) - not all of them find a base at the same time an index does.

Yes you can short this crazy market, I’ve been doing just that all day long...
But it requires constant looking as the swings are pretty crazy and will need to monitor
I’ve been using 5min and 1 min charts to short....longer time frames are to hard for day trading as the moves just don’t show up clearly on the hourly..
I’ve been shorting based of lower lows and exiting when a higher high turns up...pretty intense thou as can’t leave positions on for too long un monitored
The hardest thing now is when to close some of my shorts from the other day to bank some serious profit...
Right now I’m just adding shorts for really short term trading and may leave some of my bigger shorts open for a tad longer..
So basically banking my day trades but keeping longer term shorts still in play...