Dow Intraday charts 21/Feb - 25/Feb

FetteredChinos

Veteren member
3,897 40
sure is... lets rock :)

how about a bit of down then up for tuesday?

then some up then down for wednesday?

then a bit more down on thursday?


crucial levels are 10850 to the upside, and 10,680 to the downside. these S&R should contain most of the action this week.

:)
 

gcb01

Member
68 0
FetteredChinos said:
sure is... lets rock :)

how about a bit of down then up for tuesday?

then some up then down for wednesday?

then a bit more down on thursday?


crucial levels are 10850 to the upside, and 10,680 to the downside. these S&R should contain most of the action this week.

:)
I admire your systematic approach.
 

FetteredChinos

Veteren member
3,897 40
well my guess is as good as anyone's... ;)

markets are closed, and god only knows what can happen in the next 24 hours..


you can cut the tension with a cricket stump...
 

DarthTrader

Newbie
9 0
FetteredChinos said:
you can cut the tension with a cricket stump...


LOL!

FC, where do you get your analogies from??
 

FetteredChinos

Veteren member
3,897 40
im afraid i cant take all the credit on this one..

it was Murray Walker from a few years back..

The Brundle isnt a patch on him, sadly...
 

FetteredChinos

Veteren member
3,897 40
everyone got their shoes polished, mouse fingers properly rested after the weekend?

looks like my gap down to 10,760 is nearly there...

probable re-test of 10,820-10,850 again..

will the triple-top be enough to send us down and plummeting sub 10,000 this year?
 

FetteredChinos

Veteren member
3,897 40
right, we're off.. long at 10760

retrace to the midpoint of friday, and if the pattern is to hold, we should see a bit of a bounce over the course of today.

FC
 

ChartMan

Legendary member
5,580 46
Ouch! Not what I had in mind either. But sooner or later, something will go against the plan.nce 730 went there was no stopping it. So do we assume that at well O/S it has to be up tomorrow? Or is that really too stupid to contemplate?
 

Attachments

  • dow 22-02-05 10.gif
    dow 22-02-05 10.gif
    43.1 KB · Views: 256

ChartMan

Legendary member
5,580 46
Pretty straight forward if you read the action - failure to break res. and the short ND could have prompted a swift short. IF that was not enough, then the loss at the crunch line at 30 or so should have done it, with a straight drop to T1 and a hold to the close.....
 

Attachments

  • dow 22-02-05 1.gif
    dow 22-02-05 1.gif
    30.1 KB · Views: 225

TraderTony

Active member
180 1
Trades marked on chart (ts refers to alternative hypothetical exit using recent swing high/low):

+56 from 6 (+65 using trailing stops)
+50 for the day after commission
+194 for February so far agter commissions (10 days of trading)
 

Attachments

  • 20050222.jpg
    20050222.jpg
    297.7 KB · Views: 215

wellshot

Active member
110 0
gaps

more gaps
 

Attachments

  • snapshot-1.png
    snapshot-1.png
    132.9 KB · Views: 226
  • snapshot-2.png
    snapshot-2.png
    128 KB · Views: 213
  • snapshot-3.png
    snapshot-3.png
    145.2 KB · Views: 198

tradesmart

Experienced member
1,286 22
Another falling wedge triangle as a result of yesterdays rout…..

Typically they break to the upside as we saw with Friday’s version….

If this proves to be the case, a 10680 target is suggested……

But today the market is awaiting CPI data at 13.30 and Oil stocks at 15.30 so no dead certs in any direction imho…… :confused:
 

Attachments

  • 23-02-05.gif
    23-02-05.gif
    24.7 KB · Views: 161
 
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