octradr
Short

DOW LOST ITS BACKBONE

INDEX:DOWI   DOW Industrials
330 16 2
Notes are on the chart. Ask if you need clarification and/or let me know your thoughts.
I believe 14000.00 in few months.
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Killy_Mel
a year ago
where the blue line came from?)
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octradr Killy_Mel
a year ago
The blue came from my weekly chart that I published previously. It was the support of an upwards channel over the past few years.
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octradr octradr
a year ago
Here it is
QUICK DOW TREND
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Killy_Mel octradr
a year ago
I see now, thanks!

I hope its not a long term down slope on the markets tho... At least now I dont see any reason for it - it should be some sort of ciris... I think currently what is happening is usual August selloff
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octradr Killy_Mel
a year ago
This was a chart I made back around Christmas time. We are currently in a very unpredictable time in the market! Today we already went below both of these blue lines and could potentially go much much lower. I wouldn't breathe a sigh of relief until the DOW closes above 17000. Until that day comes protect your money with every tool that you have.
+1 Reply
octradr
a year ago
Today we closed into the slight glimmer of hope category. Tomorrow is Friday and if it looks like it will close below 16459 I say GET OUT! 8/27 after close
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octradr
a year ago
Stayed over 16459 for 2 days and developed a VERY strong hammer on the weekly chart. Still be cautious but the market may have found support. The new Major support is 15370 with the minor support being 16459. Hopefully it stays over the minor support. 8/28 after close
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octradr
a year ago
16459 didn't hold and it is still below this level, even with today's strong finish. The weekly close will give us a better idea of what's going on but I have a feeling it will take a few weeks to get the big picture. I would still use extreme caution.
9/2 after close
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octradr
a year ago
It is peaking into hopeful territory once again. The very short-term trading range is 15979 to 16528. A close over 16528 will be even more hopeful, however, the weekly closes are far better tells than the daily swing trades. 9/8 after close
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octradr
a year ago
Tomorrow will be a pretty major day. We will soon see if the 16459 will hold for 2 days in a row. 9/15 after close
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octradr
a year ago
It held the line today. hopefully the weekly close will show a turnaround like the daily does. 9/16 after close
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octradr
a year ago
It is teasing the short-term support of 15980 but on the upside it did make a higher high the other day. Let's see if this short-term support holds this week. 9/29 after close
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octradr
a year ago
Well... It looks like it's gonna be another down day tomorrow. 10/6 after close
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octradr
a year ago
Closed out the week strong, again making new highs for this trading range. Overall outlook is bullish again. The only problem is the trading range is still a big range and it is currently at the top of it. 10/10
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octradr
a year ago
Reached a major resistance point and the new trading zone is 15980 and the rising resistance blue line. Let's see if it can push through. 10/13 after close
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