WhatsUpDow?

[WhatsUpDow]

Will consolidate all my posts here.
15-12-05
http://www.trade2win.com/boards/showthread.php?t=17998

16-12-05

Yesterday:
Open: 10883.4
High: 10938.7
Low: 10865.4
Close: 10881.7

"and upside break above the 10900 level could see the resumption of the November Bull.."

Similar direction yesterday when the Dow opened below 10900 zone and break upwards by more than 50 points only to lose momentum to close below 10900 level. at 10881.7 Still holding longs at 10798 and Stop adjusted to 10811 to take a 62 point risk for this bet.

A Doji formed yesterday indicating indecision. Price closing above 20MA offers temporary support at 10839. Lower REd-line offers immediate support at 10800 while Blue divergence line, also the Up-channel line at 10760. A break above Upper Green line resistance at 10960 should send the Dow to the much talked about 11000 mark. We need a Close above the 10950 mark to confirm further upward moves.

 

[hemantm]

Charts?

Will you be attaching charts/images so I can follow your comments?

That would be most helpful - thanks,

Hemantm

 

[WhatsUpDow]

Will you be attaching charts/images so I can follow your comments? That would be most helpful - thanks,Hemantm

Chart added

 

[WhatsUpDow]

WhatsUpDow 19-12-05

"We need a Close above the 10950 mark to confirm further upward moves..."

Just like the 3 last consecutive days, the index's actions were rather predictable with early sessions moving upwards and then giving back the gains when closed.

109-half forming temporary resistance with blue-dotted line forming upper triangle. Above that sees the 11,000 mark. With Bulls & Bears playing tug-of-wall again as seen from the 2 Dojis, a minor support base is formed (Orange-dotted line) and a break below may send the index to lower channel with targets at 10800 (Red-dotted) and then 107-half (lower triangle mark). Further break below may complete the 38.2% retracement from Novembers' bull.

Our Long at 10837 still holding with risk still maintaining at current levels

 

[WhatsUpDow]

WhatsUpDow 20-12-05

Yesterday:
Open: 10875.5
High: 10922.4
Low: 10825.6
Close: 10836.5

"...a minor support base is formed (Orange-dotted line) and a break below may send the index to lower channel with targets at 10800 (Red-dotted) and then 107-half (lower triangle mark)...."

Speculation of weakness is seen. The index opens and rose to a high of 10922.4 and finally closed at 10825.6. With yesterday's high lower and its Low lower than the last 2 days, forming a concrete bear confirmation of the index as it moves down the upper triangle boundary. The Dow broke the temporary support at 108-half (Orange dotted line) and and looks near approaching the lower channel (Red-dotted). Subsequent weakness if the line is broken to try lower triangle boundary. The Dow is likely to regain bull only if the 10,950 level (Upper blue triangle boundary) is breached. Only a break above this zone will spark strength in the index. Meanwhile, we are still within a range of 107-half to 109-half.

Our long position at 10873 still holds with Stops remain unchanged to take a 62 point risk.

 

[mark twain uk]

good info, keep up the good work

 

[WhatsUpDow]

WhatsUpDow 21-12-05

good info, keep up the good work

Thanks

For 21-12-05
Yesterday:
Open: 10836.9
High: 10860.1
Low: 10789.6
Close: 10805.5

The Dow broke the temporary support at 108-half (Orange dotted line) and and looks near approaching the lower channel (Red-dotted). Subsequent weakness if the line is broken to try lower triangle boundary"

The Dow opened at 10836.9, moving up just 24 points before breaking through near-term support (red-dotted) to a low of 10789.6 before closing 10805.5



Now temporary resistance at 10850 (20MA) with sights on the lower triangle channel (blue-dotted) and then 106-half (38.2%). 10720-30 (Resistance turned Support - Brown dotted) must first be breached to see that happening. We are still in consolidation from 10770-80 to 109.40-50. To be safe, look for entries when break-through these levels. Our indicators are now pointing South and we have a Sell signal.

 

[hemantm]

Higher definition chart!

Better quality chart today! Keep up the good work!

 

[WhatsUpDow]

We will not be trading during this holiday period and will resume our service on the Monday, 2nd January 2006. We would like to take this opportunity to wish all our readers a very Merry Xmas & A Happy New Year!

Till 2006,

Druewee

 

[dlci]

Hi I've just joined this forum after finding t2win in the traders magazine.

I can see you talk about interesting stuff like 107-half dotted orange, brown etc,

could someone help me to understand this stuff as I am trading the Dow.
your kind help would e appriciated. Thanks

 

[WhatsUpDow]

WhatsUpDow? 2-1-06

Yesterday:
Open: 10783.9
High: 10838
Low: 10709.4
Close: 10717.5

"We are still in consolidation from 10770-80 to 109.40-50. To be safe, look for entries when break-through these levels."

Tecnically bearish, the Dow Closed the year with a decline of more than 70 points on Friday.
The Dow traded to a low of 10717.5 the last week after a Doji Evening Star completion on the 27th. This marks the break of the lower triangle (Blue-dotted). Further break-out at the Resistance turned Support level at 10720/30 was seen on the last trading day of 2005 (Brown-dotted) which sets a potential scenario to complete the 38.2% retracement from November's Bull at 106-half and then possible down to the 50% retracement at 105-half. Temporary support now rests on the 50MA at 10680/90 (Orange-dotted). Possible pullback to the 20MA at 10820/30 is also possible and will cause another temporary consolidation before resuming its downward move.

 

[WhatsUpDow]

WhatsUpDow? 4-1-06

Yesterday:
Open: 10718.3
High: 10862.8
Low: 10684.5
Close: 10847.4

"Possible pullback to the 20MA at 10820/30 is also possible and will cause another temporary consolidation before resuming its downward move... "

The Dow opened higher and move to a low of 10684.5 using the 50MA as support and rally backed to the 20MA to close at 10847.4. We missed a 2B BUY Reversal pattern at 10730 yesterday probably still due to the holiday mood. Wake up!

A consolidation is established now with high of 10940-50 to 10680-90 acting as the trading range (Blue-dotted). Any decisive break above or below will determined where the Dow is heading short-term. Temporary support now rests on 23.8% fib retrace (orange-dotted) with potential to test the 109-bigfigure level. Below that sees Dow testing lower channel again. No trades so far for 2006. We are sidelined for now.

 

[mark twain uk]

good info, keep up the good work

 

[WhatsUpDow]

WhatsUpDow? 5-1-06

Yesterday:
Open: 10844
High: 10892.6
Low: 10833.9
Close: 10880.2

"A consolidation is established now with high of 10940-50 to 10680-90 acting as the trading range (Blue-dotted). Any decisive break above or below will determined where the Dow is heading short-term."

The Dow opened slightly lower at 10844 dipping near 20MA support to close at 10880.2. With 20MA (10824) acts as temporary support, consolidation continues with trading range between 10680/90 to 10940/50 (Blue-dotted) and will continue until either side breaks out.

Meanwhile, 10770/80 offers minor support(23.8% Fib) follow by 10720/30 if breached. With a "lookalike Tower Bottom pattern" & bullish candle closing above 20MA (Orange-dotted), my bet is DOW will test the upper channel again. The best trade? No trades!

 

[WhatsUpDow]

WhatsUpDow? 6-1-06

Yesterday:
Open: 10880.4
High: 10908.2
Low: 10843.8
Close: 10882.2

"With 20MA (10824) acts as temporary support, consolidation continues with trading range between 10680/90 to 10940/50 (Blue-dotted) and will continue until either side breaks out..."

The Dow continued to consolidate yesterday with its narrow trading range of 10843.8 to 10908.2. Overall outlook remains the same with the index still confined between the Upper & Lower Blue-dotted lines.

The index ended with a High Wave pattern. Hence a confirmation is required next trading day in order to judge that a reversal may be starting. Unless the 10940ish (Upper Blue-dotted) is violated, the index will probably test low waters again at 10770/80 (23.8% Fib) and then 10720/30; Otherwise, we may see 10960/70 (29 November) and then the much talked about 11000 mark. We are still sidelined. Yawn...

 

[rustic1]

nice post

 

[WhatsUpDow]

WhatsUpDow? 9-1-06

nice post

Thanks

Yesterday:
Open: 10875.5
High: 10968.8
Low: 10875.5
Close: 10959.3

"Unless the 10940ish (Upper Blue-dotted) is violated...we may see 10960/70 (29 November) and then the much talked about 11000 mark..."

The Dow opened slightly lower yesterday but moved up and close to gain by more than 70 points. A White Opening Marubozu pattern is formed, indicating a typical bull day causing some concern among the bears. It may be the first part of a bullish continuation but or a better and healthier judgment, we need to depend on the preceding days' actions.

With the Upper channel (Blue-dotted) breached and the resistance at 10960/70 tested, a bullish bias is established. For any confirmation of a continuing Bull, a close above 10960/70 is imminent, otherwise, the Dow may be back inside the Trading range again. Meanwhile, 10830-40 (Orange-dotted) acting as support followed by 10770/80 (23.8% Fib) and then back to the Lower Bule-dotted at 10680/90. Above 109/6070 may see new highs.We place our 1st Buy Order for the year.

 

[WhatsUpDow]

WhatsUpDow? 10-1-06

------------------------------
Yesterday:
Open: 10959.5
High: 11020.2
Low: 10944.4
Close: 11011.9

"For any confirmation of a continuing Bull, a close above 10960/70 is imminent...Above 10960/70 may see new highs."

The Dow opened and advanced significantly from open to close during the day breaching 10960/70 to close at 11011 by more than 50 points. The Dow was under strong buying pressure as indicated by a Long "Green" Candlestick. Though not a very reliable pattern. it is still considered generally a bullish pattern, especially after a significant rally on the 6-Jan.

For the Dow to climb higher, 10940/50 (Upper Blue-dotted) acting as immediate support, will have to hold and we may be seeing highs of 2001 June. Otherwise, a potential 2B pattern could well be underway again bring the Dow back to the 108-bigfigure levels. Fib-Retracements from this years low to current highs are drawn (Brown-dotted) to indicated potential pull-back & support levels. Our Buy order was executed.

 

[WhatsUpDow]

WhatsUpDow? 11-1-06

Yesterday:
Open: 11010.5
High: 11014.0
Low: 10949.9
Close: 11011.6

The Dow traded sideways yesterday between 10949 to 11014 and closing at 11011.6. An inside bar is formed showing indecision in the market. This sets the beginning of a consolidation between this range. A confirmation is required in the form of a breakout either side the next trading day in order to show a clearer direction. Although a more positive sentiment is established due to the Dow closing above the 11000 mark, retracements to lower levels at 108 bigfigure is still possible if the lower channel (Green-dotted) is violated. For continued upward movement with Dow trading at new highs, a close above 11020/30 must be seen.

 

[WhatsUpDow]

WhatsUpDow? 12-1-06

Yesterday:
Open: 11011.7
High: 11047.8
Low: 10992.0
Close: 11043.4

"For continued upward movement with Dow trading at new highs, a close above 11020/30 must be seen..."

The Dow traded at new highs for the year yesterday to eventually close at 11043.4 for a 31 point gain. We should see the Dow heading Northwards in coming sessions as it had breached the Upper channel (Green-dotted) and closed above it. With immediate support now at the Upper channel (Green-dotted), it must hold well to see further upward move. If not, we may see a retracement. On a negative note, a bearish divergence is seen (red-line) and the Dow may retrace back to the 10940/50 zone but not without momentum strength. Lower channel (Green-dotted) acting as support follow by 10880/90 (38.2% (from 3-Jan to 11-Jan) next. We are still holding our long position with Stops just below the Lower channel.