Dow pivot point

stoploss please

Established member
780 10
For anyone who is interested

Pivot 9384.14

R3 9546.48
R2 9482.93
R1 9447.69

S3 9250.11
S2 9285.35
S1 9348.90

Cheers
Andy
 

stoploss please

Established member
780 10
Hi Oats

Just a guide to possible resistance and potential target. The trend is up, so a possible place to take partial profits. I look to R3 and S3 as major brick walls to bounce off of. I think we are now at 50% retracement from the last up wave which should be a good long entry level but its lunch time in New York the market has lost a bit of direction. I suppose the UN getting bombed makes people jittery. It's also sunny outside. I hear the pub calling me.

Cheers
Andy

Everyone has an opinion apart from me.
 

oatman

Senior member
2,879 22
See you down there :cheesy:
 

stoploss please

Established member
780 10
Todays numbers

R3 1013.33 9558.76
R2 1008.32 9501.92
R1 105.33 9465.41
PV 1000.31 9408.57
S1 997.33 9372.06
S2 992.32 9315.22
S3 989.33 9278.71
 

stoploss please

Established member
780 10
Is it just me or is anyone else seeing and expanding triangle on this Dow top.
 

mombasa

Established member
561 1
go short on break of 9350 dow says ed - i'm trading intraday as per CM's rules - if it breaks 9350 i'd increase my stake. Right now it's nowhere near that level (9396) - looks like a long - yup it is !

Hmm, or maybe not :( target not met from pullback - mind u could be a bull flag forming - best to wait i guess.
 
Last edited:

stoploss please

Established member
780 10
Thats Ed Downs at Nirvana. I do not like he trading style but he has been doing it for a long time so it must work for him. Does he say go long above 9450. You could have a trading range today of 9350 to 9450 and he would not enter one trade.

Cheers
Andy
 
 
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