DOW

Nearly stopped me out...

Rallied into the close. Looks like a hammer candle to finish.
I think this will rally next week....let’s see...

The last 15 mins it moved 600 points creating a hammer....
still be careful thou as any bad news over the weekend could be bad..
ive closed all my positions today.If the dow opens above 25500 that could be a possible 123 low formation based on hourly chart..



this is a 1 min chart...been trading this all day...crazy moves

..and then i went long on gold ……lol
fingers crossed

Hammer!!

dow -weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...O05S+rH/NcmQWT9ZsH0=

looking at this in longer time frames as well.....someone i follow was looking at lower on the indices. I think i have to agree now..having looked closely at this...
Does seem that the rally on Friday may well be a mid move consolidation, as the market is very oversold..... before another leg lower....
This could well drop down to around 183500 area imvho

lets see but i'm going to close my long and look to short the rallies.....Fridays support level and the 200 day ema line on the weekly are key now imvho....once they fail i think this should drop quickly again.

going to close my long...and short only for the coming weeks...

atb, wdik, dyor,
trendfriend

From looks of it , the Dow maybe coming down 500 points from fridays close.....
I’m looking to get short again but need a rally to do that ...
Far as Im Concerned we have already started the bear market..Shorts are the only way forward unless the highs gets taken out...
The media are always late to the party but once they get involved then likely will be huge panic sells...
I’m expecting the markets to correct for around 6-9 months and then the once in a life time opportunity will come.
For people who are not good at trading,,,,,,,,look to buy funds at that time....Hargreaves Lansdown wealth 50 is a good starting point...
Remo

closed long and short now at 25552.5
stop 25850 for now....

atb, wdik, dyor,
trendfriend