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Dow Jones Industrial Average Index

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US30 trade ideas

DOW JONESThis chart of the DOW JONES was posted by Me a few days ago. Just a follow up of how things played out. Just look where it dropped from and and where it stopped exactly. I have REPEATEDLY explained to you all HOW.... WHEN.... WHYYYYY.... 1. When you are Convinced of your work, when you are convinced of your set up.... you STOP asking people and follow your set up ONLY. You DO NOT follow the HERD, you stand away from it and follow a different direction. I cannot teach any of you how to trade by just posting charts and Indicators . BUT what I can do is to HELP you all. Eventually the person who will Rise/Fall is YOU. How badly it hurts when you fall is what You alone as an Individual can understand and no one else. The ONLY other person who will feel you PAIN is your MOTHER. 2. Instead of coming out into the markets and trying out your Luck at Gambling..... Do your home work 1st. There is enough material on the Net regarding EW. Trading is a SCIENCE and Not a CASINO 3. As stupid as I may sound, Yesterday I liquidated my entire portfolio. Why????? Let Us ASSUME I am completely WRONG. But here is the LOGIC to it. Assume that we are in the 1st LEG of another STRUCTURAL BULL CYCLE. We could very well be, and my markings are ALL WRONG, then what ???? It would ONLY Mean that we are in the 1st wave UP, BUT a 2 down will follow at some point. That is the GOSPEL TRUTH.... 12345. The 2 down is the Most LETHAL wave as it takes your PANTS off. It compels you to GET OUT of the Market. Well, I will wait for the 2 down to Complete with patience if I am wrong. At MOST, I'll loose a few hundred point??? SO BE IT. When the 2 down is happening MOST would have FLED the markets by then, this is where I will BUY at Lower rates.
DJ:DJI
by deepgups
Dow JonesI should be keeping my Mouth Shut here as this is an OPEN FORUM for everyone to see. Yet I am just STICKING my NECK out to take all the blame when it does'nt happen. 1. Who amongst you remembers the TOP of 18600 odd Last year and figured out that while we TOPPED out, Dow was Still Rising... The HERD moved IN to BUY n BUY n BUY for Further upside, but while the Dow was still Rising, we fell from 18600 to 15200 just a few months ago. The Most surprising part is this. BEAR RALLYS Downwards happen very fast, but THE BULL RALLYS TAKE TIME. 2. Now figure this OUT...... from 18600 to 15200 odd, it took Almost 8-9 months, While from 15200 to 17900 ( CURRENT NOW), we have taken just 2 months. That SURPRISES ME !!!!!! 3. So WHY are we RALLYING INTO this phase ????? Because the DOW has made an INTERMEDIATE BOTTOM and Rallied from there. Therefore helping the Indian Market to Complete its waves, and to Suck in the SUCKERS. 4. Do any of you still expect 20000....21700...... etc etc etc on the NIFTY while the Dow keeps falling hereon???? 5. Lastly, I have give the DOWNSIDE TARGETS for the DOW. This is based on some complex calculations/ Fibonacci calculations. I do not mean to SCARE anyone, nor is it my Intention to do so here. All I am saying is this........ STAY CAUTIOUS
DJ:DJI
by deepgups
2
DOW JONESI have put more focus on the current wave on ""DJIA"", wherein I see that wave 1 up is done and we are in wave 2 down. Makes me also believe that when I see the pattern/ structure of NIFTY, both DJIA and NIFTY have more or less IDENTICAL setups. Assuming this to be TRUE, I am personally of the opinion that the Markets are in a Tearing Hurry to achieve Higher Highs hereon. With Fed Chairman Powell having made it clear in no lesser terms, that the FED Does not care about what the markets want to do and that it is ONLY focused in bringing down Inflation No matter what. It is just a question of Time before the Markets realize this and go higher.
DJ:DJILong
by deepgups