pantheo
Long

$DJIA, Yearly Dow Jones breakout

DJCFD:DJI   Dow Jones Industrial Average Index
116 views
2
As bullish as it can possibly be

Comments

hi, do u like bollinger?
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pantheo look4edge
@look4edge, Hey, happy new year! Of course I do like them. On monthly we still have volatility release, on weekly we have a close inside upper BB and on daily they are tightening. I think it's time for a short term correction that everyone will jump on thinking it's the crash. MA's still align bullishly though. Bigger correction will come when MA50 reach the two shorter ones. I opened a light short, will add once 19,860 broken to the downside. Will add even more if we broke 19,000-050 on weekly basis. Looks like volatility will spike upwards for the next two weeks. Smart money are not following the upside thrust. Cheers, P.
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pantheo pantheo
Reply
look4edge pantheo
@pantheo, hey, happy new year to you too!!!

thanks for all your tremendous charts!!!

in my chart did some bb outside monthly closes research
in dax working good, after having 3 outside closes travels to lower bb
in dj looks like first needs to touch channel, make topping m pattern and over, so many months to come to rollover
Reply
pantheo look4edge
@look4edge, Nice find in your research about DAX. Thank you, I'll memorise it! Thanks for the kind words too, much appreciated:-) All my best to you and yours for the new year. Stay edgy:-)

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