Dow 2008

Status
Not open for further replies.

dc2000

Veteren member
4,739 127
New year with new buying opp
Pesonally Im looking to start buying early and hold some positions into Febuary the down side of this is that I will also be looking for a decrease in volatility after the first week ish lasting for most of the first quarter
 

dc2000

Veteren member
4,739 127
so far so good with 90+ points onside, 1st significant fig to the upside is 13967 random? or 5.8%
 

Atilla

Legendary member
19,054 2,686
so far so good with 90+ points onside, 1st significant fig to the upside is 13967 random? or 5.8%
That is a very brave call DC. I still have the DOW trending down on the daily charts - in a 13000-500 range. Anything above 13550 is likely to break the current SR lines. On the hourly charts I have 13300 as resistance.

That is a very high target imo. Any time periods on that call?

I'm flat at the mo and waiting for some guidance from the markets and the Fed...

Good trading everyone...
 

BigK

Junior member
28 0
New year with new buying opp
Pesonally Im looking to start buying early and hold some positions into Febuary the down side of this is that I will also be looking for a decrease in volatility after the first week ish lasting for most of the first quarter
maybe you could post the rules for taking this trade(s) in this thread?
 

firewalker99

Legendary member
6,655 599
That is a very brave call DC. I still have the DOW trending down on the daily charts - in a 13000-500 range. Anything above 13550 is likely to break the current SR lines. On the hourly charts I have 13300 as resistance.
For a downtrend to be in place, we need to have lower highs and lower lows. This isn't the case. If anything, we've been in a sideways consolidation for last couple of months (on larger timeframe), which still has the possibility of setting us up to break 14000.

Btw, we had a strong bounce of support overnight on the DOW. That was my buying cue but unfortunately I was asleep :| Let's see how she goes today, but last couple of days have been down on pretty low volume.
 

Dinos

Veteren member
4,112 713
Ouch, hope nobody got stung there, huge drop, why I like the sidelines on news release, now to look to see if I can get an entry
 
  • Like
Reactions: wasp
Status
Not open for further replies.

Similar threads


AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock