I have found the Holy Grail indicator for the Dow Jones - 100% right so far

batsonar

Active member
152 4
Your 100% foolproof never fail signal said go long Friday night.
What happened?
I didn't say go long on Friday. I said one of my indicators was close to a "buy" go long single but my indicators hadn't crossed the Zero line into the green. I never traded it because it wasn't clear enough. My main indicator was still on a "sell" go short signal. Until they all agree with each other I do not do a single thing and stay out the market. The Dow is going to CRASH next week.
 

cantagril

Senior member
2,097 470
Lô verily, he doth work in mysterious ways.

Truly I had never considered that the thought of smiting the Dow even crossed the celestial radar.

What does He have in mind for Oil?...and how does He feel about Options?
 
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postman

Legendary member
20,971 2,259
I hope the Dow crashes, I might get into profit on those 20 yr treasury bonds.
Just coming down now. For one day only. Gap open higher tomorrow In my humble non God like opinion.
 

cantagril

Senior member
2,097 470
Clearly not coming down yet.
I did rather wonder about yr earlier pronouncement - that resulted in some feverish scribbling in Cantaland. I have 25600 as fair ceiling on which to bang it's pointy head but I also feel that in the light of Trump's climbing-down-but not-really-folks act that the Big Boys might well keep the boosters lit for a bit more.* All fairly hypothetical for me as I'm in the Dax, not the Dow.... but still use it for reference.

* and that should be a clear signal to instantly short the ***cker :)
 

postman

Legendary member
20,971 2,259
The Artist-Formerly-Known-as-Dentist has uploaded a chart on his p&f thread which identifies the 680-700 area. My own version (not-uploaded and with slightly different inputs) widens that to CBrads' LO level-ish....
'They' (never trust them) usually take out the longs by dipping below safe levels such as 2800 on s&p and 25,200 on dow before ripping higher. Still some downside left unless I'm completely wrong.
 

cantagril

Senior member
2,097 470
'They' (never trust them) usually take out the longs by dipping below safe levels such as 2800 on s&p and 25,200 on dow before ripping higher. Still some downside left unless I'm completely wrong.
I'm just a spectator now -closed my dax and now just waiting for the next round of market cobblers. I'd agree that in order for the banks et al to get more than their money's worth they'll need to give the Dow a good kicking ...just when everybody else is thinking it's safe to go back in the water :p
 

postman

Legendary member
20,971 2,259
'They' (never trust them) usually take out the longs by dipping below safe levels such as 2800 on s&p and 25,200 on dow before ripping higher. Still some downside left unless I'm completely wrong.
Dow sub 25,200 tomorrow then the rip Thursday and Friday.
 

Dowser

Experienced member
1,234 276
Fingers crossed for some over-night shenanigans to get my order filled. Then 25000 and then the rip...