octradr

The market is changing pace

INDEX:DOWI   DOW Industrials
181 4 0
It looks like the long uptrend of the DOW has come to a major stop. It may stabilize between 14600 and 15340 but it may take back a substantial amount of its gains possibly down to 13682. If it gets closer to the 15340 mark I would go short on this market. I would currently limit my losses and move my investments into more stable markets. If resistance is broke with authority I would expect a continuation of the trend up. Another thing to note is the 50 day EMA . It has been a very strong support since the beginning of the year. Let me know what you think. Happy trading.
Well, it broke resistance pretty good. It didn't have the volume that I would have liked, but the bulls are pushing none the less. I would wait 1 or 2 more days to make a move.
Reply
Interesting to see how my support and resistance lines held up over the long haul. Upper resistant line was about 2% off but the 1st fib line worked pretty well. It looks like it may go back down to that 14834 level. Let's see. 9/30/13
Reply
This market needs to close above 15700 for it to continue high. I would say back down to 14834 zone. 11/4
Reply
octradr octradr
This is one strong market. 11/14
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out