The Dow this week 15/04 - 19/04
Sorry it's late, was realy ill last night...Anyway, 170 didnt hold and down we went, finding a bottom at 10,074 ish, closing the day at 10,093.From the traingle breakout to the downside, there is a target of 10K, and another "leg" down would get us there....Phase and CCI are showing PD, giving room for upside but we are still under the regression line at 161, with the 100MA at 168.Still room here then for more down as we have not been under the regression line for very long.
DSMODI has asked about fib points at 10,093 but I can't access my eod data at work so I'll have to look at that tonight....It must be a long way back and the further back, the less importance it has for short term trading. I am currently using 400/074 and 225/074......
100MA : 10,168. Support: 10,074,10k.... Resistance: 10,100,150,180,200.....
Sorry it's late, was realy ill last night...Anyway, 170 didnt hold and down we went, finding a bottom at 10,074 ish, closing the day at 10,093.From the traingle breakout to the downside, there is a target of 10K, and another "leg" down would get us there....Phase and CCI are showing PD, giving room for upside but we are still under the regression line at 161, with the 100MA at 168.Still room here then for more down as we have not been under the regression line for very long.
DSMODI has asked about fib points at 10,093 but I can't access my eod data at work so I'll have to look at that tonight....It must be a long way back and the further back, the less importance it has for short term trading. I am currently using 400/074 and 225/074......
100MA : 10,168. Support: 10,074,10k.... Resistance: 10,100,150,180,200.....