DOW

uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI
Look out for 15591, the 200 day on the Dow. should the next support.

This had held the 200 day(bar some bear trap some small breakdowns) for a long time.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

If that level breaks down, and we spend 4/5 days below it, i think i'm right in saying the whole market is due a big coreection imho, and we should all turn into big grizzly Bears!
Regards,
Trendfriend.

Nice patient trading trend friend.

Long @ 16672.

Broke below, but bounced back nicely
Stop moved to profit

Regards,
Trendfriend.

You'd have to go back to Aug 2011 to find price action like the past three sessions (DOW)

And that was the resumption of the bulls after a big correction. This time, it might be the start of a correction after a big rally. It's all in the price-action folks.




Price Action wild swings...

Exhibit A:



Exhibit B:



Just sayin...

(might be something, might be nothing, but where's the harm in disclosure eh!)

The level to go long here today is 16672. If it gets to this level. For a trendline bounce, with a 25 point stop.

This treated me well yesterday so gonna take this trade again today.
This may break below, as testing same level again today. So i'm going watch this closely, if bounces of the trendline and comes back again to the trendline, i will close the trade, as its likely to break down imo.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

Regards,
trendfriend

Nice, perfect bounce of the trendline.
@17665.
uk.advfn.com/p.php?pid=chartscreenshotsh...9Hc=&symbol=L%5EOCDO

uk.advfn.com/p.php?pid=chartscreenshotsh...A%3D&symbol=L%5EOCDO

Should go on from here.
Regards,
Trendfriend