- Posts: 634
- Thank you received: 0
DOW
B top in imo . now back n fill ( chop chop) stimulus or no stimulus market will start downtrending.
Short the violent (un)expected Rallies. looking 28000 dow n 27600 n big bounce to recent lower highs maybe, then big dumpo.
chart to follow/.
Please Log in or Create an account to join the conversation.
- Posts: 634
- Thank you received: 0
Please Log in or Create an account to join the conversation.
- Posts: 57
- Thank you received: 0
Please note that a rebound is possible after the gap area is filled up so watch for bullish or bearish signal before you take your next action. Sometimes, we let our initial wins and become a little over confident.
A look at the Day chart would tell you that the main trend line is still super bullish so this is a short term sell ONLY.
Please Log in or Create an account to join the conversation.
Really good to see you all involved! (I do miss the old days of "speed-trading" via the chat room, but this will have to do for now!
I've attached my daily take of the Dow - respecting the trendline and pointing out visible gaps (will they ever be filled?) - let's see!
Hig-Res Dow Chart
( www.tradingview.com/x/hFzWcUAO/ )
I've got a short bias only because of what's going on right now. I also have a sneaky "feeling" that Trump will a second term or Biden wins the White House, but Republicans will retain control of the senate. Both scenarios will annoy the markets for the short term I suspect. Who knows!
N.B. link to chart won't show the gaps discussed, only the trend-line.
Please Log in or Create an account to join the conversation.
- Posts: 57
- Thank you received: 0
Please Log in or Create an account to join the conversation.
Libero wrote: Hey folks,
I've got a short bias only because of what's going on right now. I also have a sneaky "feeling" that Trump will a second term or Biden wins the White House, but Republicans will retain control of the senate. Both scenarios will annoy the markets for the short term I suspect. Who knows!
N.B. link to chart won't show the gaps discussed, only the trend-line.
...I was pondering if we could see wave C play out before the election and then overnight between voting and results would see the bottom come in.
Please Log in or Create an account to join the conversation.
