DOW

Dow got some doji this shows indecision so could be a possible double top ???
If the price goes below yesterdays low during market hours then possible signal to go short but be warned as 18200 is strong support so should bounce on first attempt.


dl.dropboxusercontent.com/u/4899609/dow22ndmay2014.png

Hi rich
If it does go below the recent low then id expect it to head towards the 200 ma first. If that dont hold then the dow could head towards the main uptrendline.That trend line is the main important support for dow as long as it stays above that then bullish still.

Richb wrote: Remo...

Lower lows and if it breaks that trend line are you expecting this is the start of the correction ?

Remo...

Lower lows and if it breaks that trend line are you expecting this is the start of the correction ?

Im gonna short the dow if it breaks 17579. If this level breaks then the dow can really drop so be careful.


dl.dropboxusercontent.com/u/4899609/dow2ndapril2015.png

Still gripping my 630 tightly WS- might add on this dip 200pt stop a bit scary tho- might jump in and out like before.Thanks for the numbers

Dow motors on this is just the start....

expecting another pullback down towards the 18020/800 level, if gets below that then 951 n 916. imo the next 1 or 2 pullback to this level will be the last chance before the rockets fire off to the moon n beyond...

key levels for next week....

18290/88, 202, 103, 18054, 18020/00, 17991,951, 916, **840/820**

stops below 820 now and line in the sand.

Dyor - all imho.

WS