jangseohee
Short

1st shooting star of the year

INDEX:DOWI   DOW Industrials
136 5 3
After browsing through daily candles from 1st Jan, i just realised that the first ever proper textbook shooting star was formed on 19-Sept with 4x the normal volume . (I don know why no volume shown on index ).
The shooting start is also part of the evening star formation when DJIA             momentarily broke the 17300 level

Now that, the price was rejected by 8ema, 20ema and 17100. I reckon more downside to come for the DOW 30 stocks
Indices do not have volume. If you want to see the volume for the DOW, go to DIA and you have it there
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jangseohee vlad.adrian
2 years ago
But my own trading platform Thinkofswim, has volume in DJIA
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vlad.adrian PRO jangseohee
2 years ago
Yes, it is probably tick volume, which is fake volume. It can also be volume taken from DIA, you can check it very easily. Look at the volume here on the DIA and then look at the volume on your platform. If it's not almost the same, then it is probably tick volume. Also, it might be volume from the DJ1 futures contract, but that volume is rubbish, and any spike over there is related to option expiration or rollover or something like that.
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jangseohee vlad.adrian
2 years ago
Multumesc for your pointer.. Cheers
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vlad.adrian PRO jangseohee
2 years ago
:))) you are cu placere
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