DJI 24950 first good support posting channel
Dow jones possible correction till 26150-80
After Long Consolidation Dow Jones has given a breakout of its daily and weekly trendline. Short Term target 26000.
Short below the red line for a 1000 point downmove. Go long above the green for a 1000 point upmove. In today's age of advanced technical drawings and analysis. I have decided to stick to the absolute basics. Will keep posting such charts for reference.
The price action in global equities has been interesting lately and we are at a fantastic inflection point. There are multiple triggers to support reasonably big move in either direction and traders would do well to take a notice. My bias is on the downside but as I explain in the video, yours doesn't have to be. Watch the video for short term targets
Most overbought ever...at least till 1970's If that's not enough please humor me. What's funny is everyone in the mainstream is defending. Including Warren Buffett. www.cnbc.com And this is the response from Cliff Asness twitter.com You know where I stand. Make up your own mind. This is a global equity story. Not just the US. Indian benchmark indices touched...
I have been tracking the DOW JONES weekly chart from the last couple of months when it started showing consecutive green days regardless of global factors, earning reports, etc. So what intrigues me out of the weekly chart is the hastiness of the DOW towards the upper band of what appears to be a forming RISING WEDGE. DOWs rise recently has been crazy to say...
After the fox paus of North Korea, and despite the best efforts of US admin to fuck things up, normalcy is restored. Normalcy by definition is abnormal though these days. So be on your tows. Over next few days, week or two, it's the most bullish of bull market all around! Medium to long term is unknown. But it's great time to make some money in short term. For...