Dow Intraday Charts 29 Mar - 02 Apr

[ChartMan]

New week- Flyer so far .

 

[kbharj]

Wish i put some money on early on today
Damm

 

[kbharj]

16.24 - Looks like we're gonna nose dive

 

[mombasa]

divergence from the start and its still going up !

Looking at the 60 min chart - looks like a W has formed. Also daily/100 EMA now bullish and so is weekly/20EMA

 

[bgold]

Thusfar an extremely boring day but interesting in terms of pattern. Can't really call this a flag. See that afer the weekend retail (joe public) influx which took YM above pivot R2, market stayed within a ~30pt range. dito in ES which has stayed in 3pt range. Ergo nobody, neither wall street or institutions has shown any interest. Volume continues to be very low. I hear last week's rally was also on suspicious low volume.

Otherwise, quarter-end on Wednesday may provide some further support.

 

[ChartMan]

So where are we going? The big gap up has skewed TA so no real clues. A guess at the channel , but that's about it.

 

[ChartMan]

All over in the first hour..... then total boredom,unless your were TS chasing divergences that would have proved profitable for a few points....

 

[mombasa]

I'm thinking :

1 - Bull flag on 10 and 15 min chart - not a very nice one but it is a consolidation

2 - Potential head & shoulder - have had the left shoulder, yesterdays action formed the head and today ?

 

[bgold]

Market keeps whipping around yesterday's value area 10298 - 10318 (70% of yesterdays' volume). I hear volume in 1st hour of trading is very low. It seems that we are waiting for last portfolio adjustments before end-quarter and Frida's employment numbers.

 

[ChartMan]

Direction seems settled to me, BG ... Still no real channel confirmation, but staying well within bounds. Right or wrong, you still need parameters/guidelines on which to base decisions. 440 and 450 next res up.

 

[ChartMan]

Range bound for the first half and then a nice steady rally into the close. Nice long entry at 332, but forced to close on the ND at 354 was a disapointment...... not being able to get back in again. That's the rules

 

[bgold]

CM, Is that ND on the 10min RSI? And the CCI?

 

[ChartMan]

Yes...

 

[bgold]

Some rumour flying around that Greenspan had heart attack? Watchout!

 

[a320]

http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=4713732&section=news

 

[MGBRoadster]

"There is no truth to the rumor. The chairman is fine," Fed spokeswoman Michelle Smith said

The dip at London close might have helped my "go long on UKX first day of the month" strategy

 

[anmolway]

10 min triangle with support at 325ish

 

[ChartMan]

Topping out and 3 day divergence could lead to downside.

 

[ChartMan]

Another non discript but some reasonable points on the table off divergences.

 

[ChartMan]

Divergence still not dragging the price and RSI is low enough to push up from here, so I guess we'll drop. 4 days of narrow range, something must give soon.