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chrisatom
Oct 29, 2018 11:30 PM

DJI 29 Oct- This chart is still nicely on track. Short

Dow Jones Industrial Average IndexDJ

Description

ABC from one yearly pivot to another, still haven't adjusted any of the lines or arrows. Beware turnaround Tuesday and the potential to bounce as the market was defended on close, but until it puts in a reversal pattern rallies are to be shorted.
Comments
DaddySawbucks
Right on, I missed a great short today since I forgot about that- bulls headfaked me out- thanks for posting!
chrisatom
@DaddySawbucks, you’re not the only one, easy to get sucked into intra day noise with volatility like that! I have to keep scrolling out to bigger charts to keep perspective- monthly, weekly both down so as soon as daily and hourly turned down it was a clear short.
DaddySawbucks
@chrisatom, GJ! Now I'm looking with a jaundiced eye at today's volatile rally - sure smacks of a headfake. again. We will soon see!
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