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7 years 5 months ago #15515
by Trendfriend
Replied by Trendfriend on topic DOW..possible 123 high formation
Dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...cXLEPeKxo9Hg+Ev3ib8=
well this is intriguingly poised....i thought it was going to get a real stuffing on Friday...but it actually rallied a tad, but is was still off some 300 points....and it's certainly not out of the woods yet...but i think caution in taking positions here fornow, while we get a clearer direction for this week...
Will it go up or down now??
Bulls will point out a bullish div on the rsi...and this has already dropped approx 10%...so maybe back up now?
Bears will point out the l/l , and the first real close below the 200 day ema line for around 2 years...
I think as things stand, its a little bit in no man land atm...a rally back above the 200 day ema line...and off we go again...
A new lower low...calls for a continuation of the downside imvho...
atb, wdik, dyor,
trendfriend
uk.advfn.com/p.php?pid=chartscreenshotsh...cXLEPeKxo9Hg+Ev3ib8=
well this is intriguingly poised....i thought it was going to get a real stuffing on Friday...but it actually rallied a tad, but is was still off some 300 points....and it's certainly not out of the woods yet...but i think caution in taking positions here fornow, while we get a clearer direction for this week...
Will it go up or down now??
Bulls will point out a bullish div on the rsi...and this has already dropped approx 10%...so maybe back up now?
Bears will point out the l/l , and the first real close below the 200 day ema line for around 2 years...
I think as things stand, its a little bit in no man land atm...a rally back above the 200 day ema line...and off we go again...
A new lower low...calls for a continuation of the downside imvho...
atb, wdik, dyor,
trendfriend
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7 years 4 months ago #15597
by MRA4
Replied by MRA4 on topic DOW..possible 123 high formation
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7 years 3 months ago #15608
by Paitech
Replied by Paitech on topic DOW..possible 123 high formation
Down 800 points now
The following user(s) said Thank You: MRA4
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7 years 3 months ago #15624
by Paitech
Replied by Paitech on topic DOW..possible 123 high formation
Dow Jones up by 1000 points ...!!!
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6 years 10 months ago - 6 years 10 months ago #15761
by Trendfriend
Replied by Trendfriend on topic DOW..possible 123 high formation
dow - daily. (the 200 day ema line feature on the daily is actually 23318, not 23218 as printed on the chart)
uk.advfn.com/p.php?pid=chartscreenshotsh...zymGig3t9Thvuerkg%3D
watch this today(and this week)2 key levels being tested....

inevitably the ftse will follow....this can off course bounce from here...but the setup looks bearish big style...
i'm all cash atm...mainly because i keep getting stopped out over last few weeks!
think might be wise to wait for a big p/b before getting on the long side on stocks again?
lets see how she rolls...
atb, wdik, dyor,
trendfriend
uk.advfn.com/p.php?pid=chartscreenshotsh...zymGig3t9Thvuerkg%3D
watch this today(and this week)2 key levels being tested....
inevitably the ftse will follow....this can off course bounce from here...but the setup looks bearish big style...
i'm all cash atm...mainly because i keep getting stopped out over last few weeks!
think might be wise to wait for a big p/b before getting on the long side on stocks again?
lets see how she rolls...
atb, wdik, dyor,
trendfriend
Last edit: 6 years 10 months ago by Trendfriend.
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6 years 10 months ago #15765
by Trendfriend
Replied by Trendfriend on topic DOW..possible 123 high formation
i was in a rush earlier...the numbers are no correct...i will get these numbers right at some point : lol 
200 day ema line at 25357....and this has just gapped below that level...
the 1,23 high...or lower low level is 23218....
atb, wdik, dyor,
trendfriend...
200 day ema line at 25357....and this has just gapped below that level...
the 1,23 high...or lower low level is 23218....
atb, wdik, dyor,
trendfriend...
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