Dow 2009

[KUTERO]

 

[KUTERO]

Close

 

[madoff]

Close

Should the H&S pattern complete, then this should happen within the next 1 or 2 sessions?

 

[butterfly100]

should go short today? any suggested entry leve?

 

[indrajit_16]

Let us see graphical analysis of Dow Jones. In the attached image I tried to analyse the chart pattern of Dow in two different ways. Also its seen that current daily resistance for Dow is existing at 8639, whereas support exists at 8395 and Dow is exhibiting range bound narrow moves. Need to watch out for these upper and lower levels, as any break out will set a minimum target of 8950 and any break down will offer a target of 8200 or lower. So now trade possible inside the levels with positional plays only outside the range.

Regards

Indrajit
My other threads:
http://www.trade2win.com/boards/us-indices/60190-dow-jones-eod-analysis-continuous.html
And
http://www.trade2win.com/boards/asia-pacific-indices/58752-nse-nifty-eod-analysis-continuous.html

 

[hasanalali]

for the short terms

better watch the retail stocks closely

 

[hasanalali]

retail sector affected

 

[hasanalali]

Initial Claims for the Week Ended May 02
will indicate the short trend tomorrow

Briefing.com: PPI

Briefing.com: Initial Claims

Briefing.com: PPI

 

[KUTERO]

 

[SSINGH]

beautiful illustration.....

 

[KUTERO]

 

[KUTERO]

Well done Kutero

beautiful illustration.....

Thanks my friends.. :cheers:

 

[ivan1129]

Excellent kuturo, i follow what you do-not a criticism but with your obvious knowledge i wish you would spell it out to pillocks like me!!!! Although even i got the head and shoulders-cheers and carry on the good work .

 

[indrajit_16]

I yesterday told that Dow is trading in a channel between 8639-8395 and any break either side will set the mood for future. Yesterday, Dow breaks through below its downward trendline support and closes at 8285. Dow also closes well below its 5 DMA at 8387 and 13 DMA at 8312. I feel, 5 DMA will now act for a major resistance for Dow in the coming sessions and to show strength in the near future Dow needs to close above 5 DMA resistance again.

Regards

Indrajit
My Other Threads:
http://www.trade2win.com/boards/asia-pacific-indices/58752-nse-nifty-eod-analysis-continuous.html
And
http://www.trade2win.com/boards/us-indices/60190-dow-jones-eod-analysis-continuous.html

 

[KUTERO]

8275
very important level..

 

[Vivek_Chhibba]

yep.. if we break the 8275 level, its down all the way to 8100.

I dont think the end of the credit crunch is here yet.. we have sometime to go!

 

[KUTERO]

8268..



have a good weekend..:clover:

 

[KUTERO]

amazing resemblance :idea:

 

[N Rothschild]

new chart patern, the indian subcontinent

 

[Rocket!]

lol great chart Kutero. So, does this mean we're going all the way to China?:cheesy:

Genics - Ive missed reading your opinions on the Dow as of late. What to you think is in store for it next? Any chance of your YM thread coming back to life? I thought it was great!