DOW

No fear...Have N Stick To The plan
220. 560 . 630. 715 dow

Spx 2048. 2054 n 60

Im waiting to short this when it hits that trend line.


dl.dropboxusercontent.com/u/4899609/dow14thmarch2016.png

Hi rich, thanks pal....

Imo we pullback on Monday, how far we see, it's very possible dow can go on to make another higher high from Fridays high.

Would like to dow drop below approx 16940 and 840 n 679 and start closing below these levels back to back.

My view is big money is starting to sell while others that believe new markets high to come n get bylly will start buying esp as spx closed abv 1920. So few few more closes abv this could be poss

I will continue to start building shorts in dow every 100 pips up from 17220 to 17560zone.. from a fib zone look at 76 to 88.6 from this years low to 18000 as area to watch or spx level 2028-56 and considering a hedge long on weakness come monday/ Tues. ...

If market moves down here and takes out at least 1958 to 63 and close below then that will confirm the high is in imo, then the next rally up to form a lower high to add the big ones....

Imo and it's just my opinion the bull is over and ( I'm/WAS a big bull) and this rally up is corrective. Only new all time highs will change my thinking.

Rgds and best of luck.

Ws

Good to see you back WS ...

I went short at 220 for a day trade but from just reading your post looks like I should have held onto to it for a while longer

What other areas are you looking at to add short ?

Remaining long closed. Short building time..stop abv all time highs.

Short added dow 220

Time to be patient.

Just my view....

Taken long profits at 970 with small position in as stop