DOW

here you go.

1hr



10min

Can someone please post an hourly cash chart (not futures) of Dow from the 240 recent low?

TIA.

Just a quick take on "buying the DOW dips".

If it plays out, I'd consider entering at 16,174.51.




(just don't hold on for too long as a counter retail trade could be on its way!)

Wishing all CV patrons all the best!

Those who regularly frequent the chatroom will know that Wavesurfer is the master of this index (and remo, obviously!) but I think it's worth looking out for a break of the short term resistance of the flag during market hours on Monday which will be at the 16540 level.

Note that there was also an inside bar on Friday and that would suggest upside above 16525 and downside below 16379 (which was also the 23.6% Fib which comes into play a lot on this):



dl.dropboxusercontent.com/u/20815047/FTS...Dowdaily12_01_14.png

Remember your stops.

Dow yearly updated chart, perfecto !




dl.dropboxusercontent.com/u/40497882/Dow%20Yearly13.JPG


WS

Your welcome, this my favourite index and u know how I trade this daily, both ways. This my bread n butter and hardly trade stock but a few. I have no doubt whatsoever we will see the targets, even ftse abv 6648 is extremely bullis, 7000 is not out of the question.

What I look forward to most, is the top callers coming in with abc bs from lows. Building a top is process, bottoms are an event, 2014-2016 im will be a top building process, a bit like playing jenga. The higher u build the blocks the more caution u apply...

Short term Dow can push up some more but a pullback is imminent and one that will be bought for a parabola move up, this move witness so far is only the beginning....16200 area is key to watch.

Extremely excited for 2014, and will be switching hats from bull to bear short term... Perhaps the mantra will be sell equities n buy gold short term. Bond 30 year t bills look juicy too. More of this when time is right.

All the best ws