DOW

The best place to short for today is ..
16853 with a 40 point stop during market hours only..
This is half way up yesterdays candle.

Nice, perfect bounce of the trendline.
@17665.
uk.advfn.com/p.php?pid=chartscreenshotsh...9Hc=&symbol=L%5EOCDO

uk.advfn.com/p.php?pid=chartscreenshotsh...A%3D&symbol=L%5EOCDO

Should go on from here.
Regards,
Trendfriend

The level to go long here today is 16672. If it gets to this level. For a trendline bounce, with a 25 point stop.

This treated me well yesterday so gonna take this trade again today.
This may break below, as testing same level again today. So i'm going watch this closely, if bounces of the trendline and comes back again to the trendline, i will close the trade, as its likely to break down imo.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

Regards,
trendfriend

You'd have to go back to Aug 2011 to find price action like the past three sessions (DOW)

And that was the resumption of the bulls after a big correction. This time, it might be the start of a correction after a big rally. It's all in the price-action folks.




Price Action wild swings...

Exhibit A:



Exhibit B:



Just sayin...

(might be something, might be nothing, but where's the harm in disclosure eh!)

Long @ 16672.

Broke below, but bounced back nicely
Stop moved to profit

Regards,
Trendfriend.

Nice patient trading trend friend.