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11 years 2 months ago #12909 by remo
Replied by remo on topic DOW
The dow actually tested the trend line break during market hours. Amazing

1 hour chart
File Attachment:

dl.dropboxusercontent.com/u/4899609/dow60min24thaug2015.png

daily chart
File Attachment:

dl.dropboxusercontent.com/u/4899609/dow24thaug2015.png
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11 years 2 months ago #12908 by Rab Munro
Replied by Rab Munro on topic DOW
I would have thought so too Rich, but does "opening" below the trend line count? If it forms a huge hammer and closes above, as it looks like it might, then we're still in a bull market aren't we? We'll know soon enough!
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11 years 2 months ago #12907 by Richb
Replied by Richb on topic DOW
If the Dow closed above it today doesn't that rescue it for now ?

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11 years 2 months ago #12903 by Rab Munro
Replied by Rab Munro on topic DOW
Wouldn't the top of the gap be a better place to short? It's above the trend line.
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11 years 2 months ago #12901 by remo
Replied by remo on topic DOW
A good place to go short now would be a back test of the major trend line that got broken area... I'm waiting for the markets to settle before placing trades on Dow...
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11 years 2 months ago #12900 by Amo
Replied by Amo on topic DOW
Oh I agree. I was just observing the bounce.
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