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

[TEAMTRADER]

Still cannot get out of the buy trade so I had to top up my capital to save the current drawdown in the knowledge that it will, at some time, go back up. I do not want to take the loss so am willing to take the drawdown and luckily I have the capital to fund it.
TEAMTRADER

 

[batsonar]

Still cannot get out of the buy trade so I had to top up my capital to save the current drawdown in the knowledge that it will, at some time, go back up. I do not want to take the loss so am willing to take the drawdown and luckily I have the capital to fund it.
TEAMTRADER

YEAH, I SHOULD HAVE WARNED YOU MY ADS OSCILLATOR AND BATSONAR INDICATORS WERE NO WHERE NEAR A "BUY" SIGNAL. PERHAPS YOU WOULD NOT HAVE GONE "LONG" IF YOU HAD KNOWN. I WON'T BE MAKING THAT MISTAKE AGAIN TEAMTRADER. I FORGOT TO LOOK AT MY CHARTS IN THE DAY. BEEN TOO BUSY POSTING ON FACEBOOK.

 

[batsonar]

 

[batsonar]

 

[batsonar]

 

[batsonar]

 

[batsonar]

THE McClellan OSCILLATOR SUGGESTS THAT THE DOW JONES IS IN "OVERSOLD" TERRITORY. WE COULD GET A "BOUNCE" IN THE DOW JONES IN THE NEXT FEW DAYS TEAMTRADER.

 

[batsonar]

THIS IS THE MFI (Money Flow Index). AS YOU CAN SEE THE MFI (14) IS READING 44.08%. A READING OF 80 OR ABOVE IS CONSIDERED "OVERBOUGHT" AND A READING OF 20 AND BELOW IS CONSIDERED "OVERSOLD".

THE READING AT THE MOMENT, IS 44.08% WHICH IS IN THE MIDDLE RANGE. THIS MEANS THAT THE DOW JONES COULD HAVE FURTHER TO FALL IN THE SHORT TO MID-TERM.

 

[batsonar]

THIS IS THE STOCHASTIC INDICATOR. AS YOU CAN SEE IT HAS A READING OF ABOUT 19.

A READING OF 80 OR OVER IS CONSIDERED "OVERBOUGHT" AND A READING OF 20 AND BELOW IS CONSIDERED "OVERSOLD".

THE READING AT THE OF 19, SUGGESTS THAT THE DOW IS EXTREMELY "OVERSOLD" AND COULD MEAN THAT THE DOW COULD BE ABOUT TO MAKE A MOVE TO THE UPSIDE IN THE SHORT TO MID-TERM.

 

[batsonar]

THIS IS THE RSI INDICATOR. AS YOU CAN SEE IT HAS A READING OF 39.24.

A READING OF 70 AND ABOVE IS CONSIDERED "OVERBOUGHT" AND A READING OF 30 AND BELOW IS CONSIDERED "OVERSOLD".

THE READING AT THE MOMENT IS 39.24 WHICH SUGGESTS THE DOW IS OVERSOLD. THIS COULD MEAN THAT THE DOW COULD BE ABOUT TO MAKE A MOVE TO THE UPSIDE IN THE SHORT TO MID-TERM.

 

[batsonar]

THIS IS THE VIX ON A DAILY TIME-FRAME.

AS YOU CAN SEE, THE VIX IS SITTING ON A FIBONACCI ""GOLDEN POCKET" (SEE 2 GOLDEN LINES)

ALSO THE EzOscillator "TREND RIBBON" HAS TURNED FROM "RED" TO "BLUE" WHICH MEANS THAT THE VIX COULD BE ABOUT TO MAKE A MOVE TO THE UPSIDE IN THE SHORT TO MID-TERM.

THIS IS BAD NEWS FOR THE STOCK MARKET IN GENERAL AS IT MEANS WE COULD SEE A MOVE TO THE DOWNSIDE IN ALL MARKETS.

 

[batsonar]

 

[batsonar]

THIS IS MY EzAlgo AND EzOscillator INDICATORS ON A WEEKLY TIME-FRAME.

AS YOU CAN SEE THE DOW HAS HIS A RESISTANCE LEVEL AND THERE IS A RED "X" ABOVE THE CANDLE. THIS IS CALLED A MILD "SELL" SIGNAL.

THIS CONFLUENCE COULD MEAN THAT THE DOW COULD BE ABOUT TO MAKE A MOVE TO THE DOWNSIDE IN THE SHORT TO MID-TERM.

 

[batsonar]

CLOSING PRICE OF THE DOW JONES ON THURSDAY 17th AUGUST 2023.

 

[batsonar]

THE "SELL" SIGNAL I GAVE YESTERDAY AT 9:13 PM, TURNED OUT TO BE CORRECT AND THE DOW COULD FELL BY 290 POINTS TODAY.

 

[batsonar]

 

[batsonar]

DOW STILL ON A SLIDE TEAMTRADER - HOW'S YOUR "LONG DOING"? ARE YOU LOSING MUCH? PERSONALLY I WOULD THINK SERIOUSLY ABOUT CLOSING YOUR POSITION BECAUSE I DON'T THINK YHE DOW IS GOING TO RECOVER IN THE SHORT TO MID-TERM. DOW IS ON ITS WAY TO "ZERO" FOR A TIME AND THEN ALL "HELL" BREAKES LOSE AND THEN THE DOW WILL GO ON THE BIGGEST "BULL RUN" EVER IN HISTORY THAT WILL LAST DECADES 👍 🙄 😀 I FEEL BAD ABOUT GIVING YOU A FALSE "BUY" SIGNAL.

 

[TEAMTRADER]

Too much to lose - I will continue to cover the drawdown until it recovers.
Thanks
TEAMTRADER

 

[batsonar]

CLOSING PRICE OF THE DOW JONES ON FRIDAY THE 18th AUGUST 2023.

 

[batsonar]