DOW

This bounced perfectly of 15884.. Now protect the winnings as the first attempt worked. Never good a second time..

The best level to go long now is at 15884. This is the back test of the channel top .
Ive got a 40 point stop loss attached to this during market hours only. Im hoping that the christmas rally will start once it touches this level. I still think that we are going to have a rally towards christmas as this year has been one of the best years in percentage terms rise .So for that reason i still think there is a rally to come.
I may have to re-think my ways if 15884 gets broken and it drops after that level.
That level is going to be important in my opinion


dl.dropboxusercontent.com/u/4899609/3rddec.png

Sorry, that was the chart from the day before. Here's last night's closing chart:



dl.dropboxusercontent.com/u/20815047/FTS...Dowdaily26_11_13.png

Quick update from yesterday's Dow cash chart:



dl.dropboxusercontent.com/u/20815047/FTS...Dowdaily25_11_13.png

I hadn't checked Monday's cash high which was 16109. The futures chart had already hit the 16125 resistance but cash caught up last night and dropped 60 pips pretty quickly off that level.

Just FYI.

As soon as IG Markets and the words "all data is indicative" are put together, you know exactly where you stand

I've got 70% long on the FTSE, and 22% long on the DOW as I type...

It might as well be anything, so to this end I share Monkeyz's cynicism; but if Remo's bullish calls prove accurate (again!), then for me, it might give creditability that IG's data is more or less correct.

Why you may well ask? Well, because we know that most self-styled traders / spread-betters / gamblers lose money. It is a better to bet on a coin toss!



Good luck all in any case!

Remo - click on the Dow and see that 78% are short or whatever IG are telling you... then click on the FTSE. Currently 45% short for me.

Now scroll down on the FTSE page to see that 69% of IG clients are now long on the ftse and only 70% of IG clients are short on the DOW!

#IGrandomnumbergenerator

All the best,
M.