DOW

Trendfriend,

Seems the DOW's struggling today can't get any higher than 16652.

GOLD struggling as well, down 2.5%

I like to compare this market with the last bear phase/market (rightly or wrongly).....

I think this will take it's time to dump imho....i think a small move of about 400/500 points for the whole of April is possible....before the real dump, possibly in May??
Possibly for April a small monthly candle like the yellow dots on the chart, (under the green arrow)
Maybe another 4 or 5 weeks of this real dull slow moving Dow.....and then dump, dump....
Lets see.....ATB and good luck with folks.....
Trendfriend.

perfect short area coming up.
im shorting this today at 17679 during market hours only.My stop is going above near by resistance at 17755
Ive been waiting for this area for a while now so fingers crossed.


dl.dropboxusercontent.com/u/4899609/dow21stmarch2016.png

Rich,
you are taking your fib extremes at the wrong points. Either take the low at the Aug/Sept hammer (played out already IMO) or the high at November high of ~18000.

The short point is good though, except on my chart the wick already hit the trendline last week.

F4T

I'm going to have a go shorting where remo mentioned it coninsides with the 76.4% fib and daily downward trendline ...

Wavesurfer,

Sorry, I'm lost.

What does that all mean?

Your short at 17220, and 17560 but I don't understand the 715 etc.

Thanks