AMEX:DIA SPDR DOW JONES INDUSTRIAL AVERAGE ETF
I updated the data, but didn't change any of the forecast lines. The market is eerily tracing out the pattern.
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Just for starters, I was away from Wed-Sun, but that didn't keep me out of touch as I had my iPad with me. However, the iPad software wouldn't allow me to publish to the site. So, sorry to leave you waiting so long. What I hoped to convey was that all I could add to AUDUSD is straight technical analysis and not any fundamental data, which is what is important in my mind to successful trading. It is important to know what information the market digests and at what levels the market absorbs bad news or fails to rally on good news. I think it is important to follow a market for awhile to get a sense of how much it moves ahead of news and after news. I try to incorporate some info in my charts, but there is a world of additional work to be done in that department. I will do my best to look at the AUDUSD over the next year and see what I can learn. Cheers. Tim
If you haven't sold call options yet, there is probably still time left to do that for next Friday's quick-expiration cycle. There is always a way to squeeze a little extra juice out of every position. With very low VIX and a very high market, coupled with easing growth forecasts out of China and high oil prices... It seems more likely that "sideways" is the best way to confuse the most people from these levels. Tim 11:54AM - DIA 127.74 last