Dow 2009

the short covering after the cash close as screwed up my positions abit, hopefully we wont head 2 much higher pre market on sunday night. been a tough trading week with this volume last couple of hours today is the best action there has been...catch you all on monday need to relax this weekend!
 
tell me about it lad............I went short FTSE 4125..stop loss 4155 and the short covering kicked in!!
 
we could be about to have an important low 9,10,11 of February or 16,17,18 of February.I favour the 16,17,18 period. On 19th of September we gapped up and then had a 15 day fall into to 10 of October low, which was a important low. On the 4th of November we gapped up and had a 13 day fall into the 21st of November, which was a important low. A few days ago on the 28th of January we gapped up and have turned down, are we headed for a 13 to 15 day down move to another important low. the 16th of February is 13 days and the 18th is 15 days.
the other reason I favour these dates is because
the 10th of mar 2008 low to the 10 of Feb 2009 is 233 trading days.
the 17th of March low to the 17 of Feb 2009 is 233 trading days.
the 15th of July low to the 9th of Feb is 144 trading days.
the 23th of July high to the 17th of Feb is 144 trading days.

The only spanner in my forecast is that if you look at the period 22 January 2008 to 17 March 2008 and look at 20th of Nov 2008 to today you have the same pattern with a bouble bottom which should happen in the the next day or two around 7940. we could then have a 2 month rally like last year.
 
breadman said:
we could be about to have an important low 9,10,11 of February or 16,17,18 of February.I favour the 16,17,18 period. On 19th of September we gapped up and then had a 15 day fall into to 10 of October low, which was a important low. On the 4th of November we gapped up and had a 13 day fall into the 21st of November, which was a important low. A few days ago on the 28th of January we gapped up and have turned down, are we headed for a 13 to 15 day down move to another important low. the 16th of February is 13 days and the 18th is 15 days.
the other reason I favour these dates is because
the 10th of mar 2008 low to the 10 of Feb 2009 is 233 trading days.
the 17th of March low to the 17 of Feb 2009 is 233 trading days.
the 15th of July low to the 9th of Feb is 144 trading days.
the 23th of July high to the 17th of Feb is 144 trading days.

The only spanner in my forecast is that if you look at the period 22 January 2008 to 17 March 2008 and look at 20th of Nov 2008 to today you have the same pattern with a bouble bottom which should happen in the the next day or two around 7940. we could then have a 2 month rally like last year.
Click to expand...


ah some fibonacci. ive been looking at this all weekend and am trading the ftse now. have a look at it with fib in mind and youll see why.
 
breadman said:
we could be about to have an important low 9,10,11 of February or 16,17,18 of February.I favour the 16,17,18 period. On 19th of September we gapped up and then had a 15 day fall into to 10 of October low, which was a important low. On the 4th of November we gapped up and had a 13 day fall into the 21st of November, which was a important low. A few days ago on the 28th of January we gapped up and have turned down, are we headed for a 13 to 15 day down move to another important low. the 16th of February is 13 days and the 18th is 15 days.
the other reason I favour these dates is because
the 10th of mar 2008 low to the 10 of Feb 2009 is 233 trading days.
the 17th of March low to the 17 of Feb 2009 is 233 trading days.
the 15th of July low to the 9th of Feb is 144 trading days.
the 23th of July high to the 17th of Feb is 144 trading days.

The only spanner in my forecast is that if you look at the period 22 January 2008 to 17 March 2008 and look at 20th of Nov 2008 to today you have the same pattern with a bouble bottom which should happen in the the next day or two around 7940. we could then have a 2 month rally like last year.
Click to expand...

hi Breadman, could you kindly please show a snapshot of your chart? I could not imagine in what you are trying to explain.

To me, i think DOW should not drop below 7900 otherwise 7500 point (for the next stage) would be pretty tough to resist...I mean it will be dropping far beyond 7500 if DOW drop below 7900...:mad::mad::mad:
 
breadman said:
we could be about to have an important low 9,10,11 of February or 16,17,18 of February.I favour the 16,17,18 period. On 19th of September we gapped up and then had a 15 day fall into to 10 of October low, which was a important low. On the 4th of November we gapped up and had a 13 day fall into the 21st of November, which was a important low. A few days ago on the 28th of January we gapped up and have turned down, are we headed for a 13 to 15 day down move to another important low. the 16th of February is 13 days and the 18th is 15 days.
the other reason I favour these dates is because
the 10th of mar 2008 low to the 10 of Feb 2009 is 233 trading days.
the 17th of March low to the 17 of Feb 2009 is 233 trading days.
the 15th of July low to the 9th of Feb is 144 trading days.
the 23th of July high to the 17th of Feb is 144 trading days.

The only spanner in my forecast is that if you look at the period 22 January 2008 to 17 March 2008 and look at 20th of Nov 2008 to today you have the same pattern with a bouble bottom which should happen in the the next day or two around 7940. we could then have a 2 month rally like last year.
Click to expand...


Dow is not looking conclusive either way. I thought we'd come down hard after 8300-400 but 8000 is the line in the sand imo. It seems to be holding or trying to fight back.

If we don't get above 8000 and it breaks down then 7500 or below. Otherwise we could see 8200 again based on the 4 hour charts.

I'd like to see 4 hour charts at overbought indicator levels and then I'm thinking of taking a short. Alternatively if it starts diving below 7900 levels.
 
dow0202att7.png
 
Kutero...can you please provide some interpretation of your charts as well please?

i am very grateful to you for posting your charts, but does that arrow mean that you anticipate it going long?
 
wallstreet1928 said:
Kutero...can you please provide some interpretation of your charts as well please?

i am very grateful to you for posting your charts, but does that arrow mean that you anticipate it going long?
Click to expand...

Arrow shows the support line as 7882.
Today worked perfectly..
All 4 indicators says "we are proceeding to down"
Moving averages too.
 
team 2005

i don't know how to post charts, if someone can tell me i will have a go. the charts would be from tradestation.
 
breadman...All I do is put a chart on my screen and then press the 'print screen' button on my keyboard. The I go into paint, click edit and paste the picture. Then just save it as a JPEG file and upload it in the ''manage attachments' bit when you post a reply. Hope that made sense...
 
Breadman,
ForTradestation just go to File menu then click save as picture that gives you option to save one chart(active window) or the whole desktop.

Regards
Graham
 
the chart is a bit small, sorry
the light blue/aqua arrows are the points to look at.
 

Attachments

  • fortrade2win.bmp
    1.8 MB · Views: 115
not really im looking for it to just drop off the open we are gona open right on the 1hr downward TL
 
Genics said:
not really im looking for it to just drop off the open we are gona open right on the 1hr downward TL
Click to expand...

I have a strong bullish 4h and 1h break out on my charts. (y)

My TA is showing bull. :cheesy:

What are you basing the drop off on?
 
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