Dow 2008

[Pat494]

the only way we get to $160 or above would be a war.

Maybe George will attack the right country this time !
2nd time lucky !!
( it's the one you coloured in as red George remember ?) LOL

 

[dans_ya_man]

Short 11415

 

[firewalker99]

Not much support on the way down...

10800-11500 is an important area where a lot of trading activity took place.
Take notice of the sideways volume and the relatively long time price spent there.

The above was posted more than 6 months ago...
We bounced exactly off the lows of that zone (10812...)

 

[chilltrader]

just when everyone becomes complacent of the bounce.. the DOW is going to remind all that its in "Bear" mode...

 

[chilltrader]

GOOG will kill US indices tomorrow...

 

[brasil2000]

I got an email from GFT today,that they have lowered the spread on their DJI 30 cash index to two points.


http://app.bronto.com/public/?q=prev...pwztfzrd48pjej

 

[breadman]

looking to buy 10700/ 10750 range over the next couple of days, swing trade looking for 11600 then 12000/12100 over the next 3 months.
the problem is the low could be anywhere between 10700 and 10850 which we have hit today.

first target area hit today. I did not get a chance to go short but will short tomorrow around or above 11600 if I can, for a short term down move.

 

[Atilla]

first target area hit today. I did not get a chance to go short but will short tomorrow around or above 11600 if I can, for a short term down move.

Fwiw, I think we will have congestion around the 11600-800 mark where it will trend sideways before tanking big time around August.

I then think a little pickup around Sept/Oct to end of year is a probability having tested the lows and support again.

 

[breadman]

looking to short today. Even if this is a corrective move which I think it is, we should have 3 waves A (up) B (down) and C (up). I think we have just had A up more or less 800 points, with a B wave down to come and then a C move up to around the 12000/12100 area.

short 11610

 

[breadman]

Fwiw, I think we will have congestion around the 11600-800 mark where it will trend sideways before tanking big time around August.

I then think a little pickup around Sept/Oct to end of year is a probability having tested the lows and support again.

I think my next major turning points are going to be 15, 18/19 of August.
89 days from the 19th of May high and 34 days from the low we just had on the 15th of July. If we are around 12000/ 12100 on these dates I will be going short.

 

[breadman]

11676 add to my short

 

[breadman]

short 11610 close at 11580 for +30

still short from 11676

 

[Vaco]

think we're in for a tight ranging day today, doubt very mch that we will break below 11500

 

[bradli]

dow long 12250

 

[Vaco]

dow long 12250

which dow are u looking at

 

[breadman]

still short from 11676 looking for lower prices tomorrow.

 

[breadman]

buy 11548 to close for +128

 

[Atilla]

buy 11548 to close for +128

Great call Breadman.

I fear this current retrace may go to 38%-50% retrace on daily charts.

 

[breadman]

Atilla,

I think you are right, the same thing happened of the January lows. I have closed my position way to early as I could not keep track of it for the last few hours. I was intending to hold out for the 23.6% around 11490.Anyway just have to wait for the next trade now.

 

[Atilla]

Atilla,

I think you are right, the same thing happened of the January lows. I have closed my position way to early as I could not keep track of it for the last few hours. I was intending to hold out for the 23.6% around 11490.Anyway just have to wait for the next trade now.

I'm at home now but didn't take the short from work as I wavered hummed and harred and left flat.


I now think we will turn from 11330 which is S2 on my pivot points. Contemplating going long.