jangseohee

Who let the bears out

INDEX:DOWT   DOW Transportations
494 4 11
2 years ago
For the last 2.5 trading days, tuesday, wednesday and friday, DOWT             was rejected at 9200 on each attempt.
In fact, when oil             plunge on Friday morning when trading resume, DOWT             broke the 9200 resistance but it was short-live.
By mid-day, bears broke out of the cell and push the index from 9310.22 down to 9198.20 making a "Shooting Star".
I am wondering who let the bears out and would this bear strong enough to defeat the strongest bull of all time? :-)

Another death cross (blue) would add more momentum to the bears.
a year ago
Comment:
snapshot


beware of breakdown, thats all i can say, but i ma bullish bias
for at least another year
claydoctor
2 years ago
recent dip was from travel fears (ebola), now we will see if underlying fundamentals can support after oil bounces after reaching its low, when ? This is when DOWT corrects I think. But when ? Time this right to short with put options can be much profit.
Reply
claydoctor claydoctor
2 years ago
many other "megaphone" patterns too, and with so many, and so many people knowing this, if we start to correct will be no secret and massive selling?
Reply
jangseohee claydoctor
2 years ago
well said!
Yup, Option is a better alternative with disadvantage of time expiry
Reply
jangseohee
a year ago
until todate, this shooting star is still valid
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out