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Dow Jones EOD Analysis - Continuous

This is a discussion on Dow Jones EOD Analysis - Continuous within the US Indices forums, part of the Indices category; Folks, Lets start a continuous thread on Dow (DJIA) analysis. The thread is dedicated on break-out techniques. The rules: We ...

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Old Apr 30, 2009, 2:43pm   #1
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Thumbs up Dow Jones EOD Analysis - Continuous
Folks,

Lets start a continuous thread on Dow (DJIA) analysis. The thread is dedicated on break-out techniques.

The rules:
We will analyse 3 trends of dow. One based on 20 days range break out, next 10 days range break out, and last 2 days range break out. Thus we can catch all short term trends. If we get a 10 day range breakout we will follow it with a 2 day range stoploss.

The technique is based on a complex Amibroker formula language (AFL) or a Metastock Formula (MS Formula) tweaked by me. It can be used in any liquid stocks and indices.

The dow EOD screen-shot attached:


The analysis is like this:
20 day swing is up trend with reversal at 7449
10 day swing is up trend with reversal at 7700
02 day swing is up trend with reversal at 7899

So, overall, dow shows uptrend. Please follow the reversal points.

Regards

Indrajit
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Old May 4, 2009, 12:47pm   #2
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Thumbs up Monday morning Dow Jones Analysis As Per Swing Bar Method
indrajit_16 started this thread 20 day swing up-trend since 23/03/2009 with trend reversal below 7700 (TSL rose up).
10 day swing up-trend since 18/03/2009 with trend reversal below 7700.
2 day swing up-trend since 29/04/2009 with trend reversal below 8048.



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Indrajit
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Old May 11, 2009, 9:43am   #3
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Thumbs up Monday Morning Update 12th May 2009
indrajit_16 started this thread Dow Jones is having strong resistance at 8600 level and support at 8135 level. Trade Triangle shows Dow Jones still in strong up-trend, if it can cross the resistance zone then it will have an upper target towards 9000 level. Trend reversal level and 5 DMA support exists at 8430 level. So far trade well and follow the trend, not the so-called experts.

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Indrajit
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Old May 11, 2009, 3:44pm   #4
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Cool
technically the bb showing REVERSAL to down side

fundamental i think the news will decide ----Trade Balance & Treasury Budget
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Old May 11, 2009, 5:09pm   #5
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Cool
daly chart dow 30

slow %k slow %d
showing cross
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Old May 11, 2009, 6:11pm   #6
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Wall Street takes a break after strong rally - Yahoo! Finance
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Old May 12, 2009, 8:32am   #7
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Thumbs up Huge Resistance At 8600. Will Dow Be Able To Cross It?
indrajit_16 started this thread
Quote:
Originally Posted by hasanalali View Post
Good analysis @ Hasanalali.

I have some excerpts from Collin Twigg's Diary: The Dow continues in an upward channel, headed for a test of 9000. Reversal below 7800 is unlikely at present — despite increased resistance signaled by large volumes at [R] — but would indicate that the rally has ended and a test of 6500 is to be expected. Expect strong resistance from profit-taking at 9000. Breakout above this level would offer a weak primary trend reversal signal, but prudent investors are likely to wait for the next correction. A secondary reaction that stops short of 6500, followed by a new high above 9000, would offer strong confirmation.



My additions: Dow (DJIA) is facing huge resistance around 8600 levels. Only a break-out above this level will confirm next up-move till 9000. Dow yesterday closed at 8419, marginally below its 5 DMA support level or 8427. Today's session may prove to be important for Dow, as any further closes below the 5 DMA level can warn of an intermediate trend reversal with an immediate target of 20 DMA at 8187.

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Indrajit
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Old May 12, 2009, 11:01am   #8
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Quote:
Originally Posted by indrajit_16 View Post
Good analysis @ Hasanalali.

I have some excerpts from Collin Twigg's Diary: The Dow continues in an upward channel, headed for a test of 9000. Reversal below 7800 is unlikely at present — despite increased resistance signaled by large volumes at [R] — but would indicate that the rally has ended and a test of 6500 is to be expected. Expect strong resistance from profit-taking at 9000. Breakout above this level would offer a weak primary trend reversal signal, but prudent investors are likely to wait for the next correction. A secondary reaction that stops short of 6500, followed by a new high above 9000, would offer strong confirmation.



My additions: Dow (DJIA) is facing huge resistance around 8600 levels. Only a break-out above this level will confirm next up-move till 9000. Dow yesterday closed at 8419, marginally below its 5 DMA support level or 8427. Today's session may prove to be important for Dow, as any further closes below the 5 DMA level can warn of an intermediate trend reversal with an immediate target of 20 DMA at 8187.

Regards

Indrajit
StockManiacs - Analysis On Indian And US Stock Markets And Free Real Time Nifty Chart
http://www.trade2win.com/boards/us-i...ow-2009-a.html

join this thread ....its been going for a while....
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