Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders

Status
Not open for further replies.
Sorry to state the obvious...I'm just amazed at the sheer magnitude of the drop

the DOW Jones is worse, it gapped down by at least 128 points then carried on nose diving a further 100 points its currently trading 214 points down.
 
Im expecting a bounce now- else I will short (probably)...the fact that the lower channel has been pierced is a bit annoying which increases the likelihood of a further drop.
 

Attachments

  • untitled1.jpg
    untitled1.jpg
    131 KB · Views: 133
i've been looking at the 1938 dow again. if the elliot wave theory holds a parallel, then i'm gonna predict a retracement to 3800 next month, followed by a new high in june/july. this is just for fun btw! i haven't got a clue about trading :)

lol...it's happening!
 
s500 at an intermed support area.question is .does it rally or capitulate.?
 

Attachments

  • supps500.jpg
    supps500.jpg
    146.9 KB · Views: 121
francis finley..
i went to youre blogspot.it looks really great.
however,i cannot understand the charts you put on
i am a simple guy.it looks too complicated for me.
can you give a simple explanation of the stuff on youre blogspot...thanks
 
overnight..australia down 2.42%..nikkei down 2%.hongkong 3.7%
nikkei fell in early trade 4%.so support must have come in before the closed
rio down 5% in aus overnight
 
Status
Not open for further replies.
Top