dow oct 19th

dl.dropbox.com/u/4899609/dow19thoct.jpg

The level to watch today are

up above 13661
down below 13368

These are the 2 important levels to watch now.
If the dow finishes the day below 13510 then i think it will head towards that trend line at 13368 at which point i will go long on the first attempt only with 40 point stop




If the dow can break out above the high at 13661 then it could really take of .

I think its losing momemtum now so needs to go sideways to build strength. The doji yesterday signals weakness from the buyers

dyor
remo

Remo,would a long at 13278 be advisable gyazo.com/adfafc14c862d1b2ea21517eb89bc93aor is this support too risky 3rd time round?

gyazo.com/931193fba047fe13847cabc564178456

stealing diamonds from in front of bulldozers as a friend of mine said earlier...

DOW finished 13343, down over 1.5% has this pierced the next support or uptrend on the chart below?

It was the 25th Anniversary of Black Monday and we have a black Friday

hi roxalana

Its not a major support so a bit risky to go long there. Its only a minor level.
13296 is the area where the dow broke out from so that maybe a good level. Problem is we are so close to that level so its even a bit risky.
The best level to go long now will be the main trendline at 12990 mark roughly. so you would use the psychological level of 13000.


dl.dropbox.com/u/4899609/dow20thoct.jpg