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KLang
Jul 3, 2014 10:03 PM

DIA Weekly 

SPDR Dow Jones Industrial Average ETFArca

Description

Updated notes on chart
Comments
Marius_Johnsrud
wow, haven't noticed the clear level at 170 before. could be an entry there as well imo. Also love the great separation on the last break out. btw, I like that you posted a higher time frame, it's easy to miss the larger trend when only focusing on daily candles etc.
KLang
Thanks. I'm a big fan of weekly charts - the show the larger picture, as you say.
A-shot
I start to do the same now - appreciate the weekly :)
A-shot
Nice observation! Some call it an unreasonably bullish market. What are the odds.
KLang
True - but we had an unseasonably yuck market in Spring
A-shot
We had risk off mode after a sensational 2013. I wonder if markets will surprise us and top the last year. They tend to do the unexpected. the 4% increase, with your experience do you see it going in a row for the next 2-3 weeks?
KLang
I'm not able to say how long it will take to get to targets. Nor, if targets will get hit. I'm just playing long and moving quickly. Only a few true "swings" that I'll hold for maybe a few months.
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