DOW

First time ive seen it change bearish on this indicator for a long while. Only thing is, the Christmas rally may mess this up.


dl.dropboxusercontent.com/u/4899609/2016-12-16.png

I'm out at 19010. See you next year.

Yep will post when i see this change

Trendfriend wrote: Hi Remo,

Looks good, any chance you could post a chart when you see a change in trend please?

Dow daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...xoTqaAZvxNOFbViMcR4=

After all the fun games of the election, this rallied back strongly and tested the highs yesterday, and break and weekly close above 18672, could see it rocket, a target as high as 20,000 dow is showing quite possibly by year end....

Only a drop below the 200 day ema line currently at 17935, would cancel or delay the bull argument, and a retest of that level cannot be ruled just yet.....

atb, wdik, dyor, keep safe folks.
trendfriend

Hi Remo,

Looks good, any chance you could post a chart when you see a change in trend please?

Dow daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...xoTqaAZvxNOFbViMcR4=

After all the fun games of the election, this rallied back strongly and tested the highs yesterday, and break and weekly close above 18672, could see it rocket, a target as high as 20,000 dow is showing quite possibly by year end....

Only a drop below the 200 day ema line currently at 17935, would cancel or delay the bull argument, and a retest of that level cannot be ruled just yet.....

atb, wdik, dyor, keep safe folks.
trendfriend

New expert on metastock 15, Sectorstat. Its good for direction of markets
Click image to enlarge

dl.dropboxusercontent.com/u/4899609/Scre...11-09%2018.47.42.png

The blue arrow indicated a buy signal a few days ago and red arrow indicates sell signals.Above zero on the oscilators is bullish.
This indicator looks effective in trending markets and less so in trading ranges.

dow.
uk.advfn.com/p.php?pid=chartscreenshotsh...FnglO0vkB7Bh2Zbd4%3D

ftse.
uk.advfn.com/p.php?pid=chartscreenshotsh...7h2enQJghn4r6j66s%3D

dax.
uk.advfn.com/p.php?pid=chartscreenshotsh...1pBHIl0KwmzglVF4s%3D

Just wanted to show, the rsi on all 3 index's today.
All of them are testing the rsi support from Jan 16.
In addition the dow, and dax both testing the 200 day ema line.

a break below, or down move today would be a disaster, imvho.
fan, s***(the brown stuff), and hit comes to mind.

It should hold and push on form here, but lets see....and anyway wdik....
gotta run now..

atb, wdik, dyor,
trendfriend

n.b these charts were from yetserday close, so the ftse, dax would have broken below those key rsi levels now.