The Dow began its history with 12 constituents and grew over time to become the Dow 30 that we know today.
There's those numbers again.
The old lady is now 122 years old and still as beautiful as the day she was born. But beauty is in the eye of the beholder. Maybe she doesn't do it for you...
Dow Futures Update DJIA1!
This index had to stay above the 25702...
Continuation pattern forming after the failed break earlier.
Just a bear flag so far. 6710 first support and if it's going to
bounce it should be from the lower parallel of the nascent
pattern - but there's no real interest A worry for any brave
bulls at this point.
In very near term we may get a bit of buying into US open -
may regret it later but...
Must apologise for rubbish call yesterday and no follow up.
Was expecting a period of light relief over the weekend. No
such luck. The spike that came shortly after the match had
finished was a big one and the ensuing rejection period
flipped Bitcoin straight back down to the lows again and
triggered a short from 7399 as it broke below...
Finally, after two fake-ins as Bitcoin spiked above the upper dynamic of the triangle formation of yesterday and came back
to the lower rising dynamic of the triangle on the first occasion and then to the apex of the triangle on the second
occasion before finally reaching it's very modest updside target at 8450-8460 (high at 8483) before falling...
8th May EURUSD Update
EUR made the counter-rally move back to the upper parallel
precisely at 1.1978 before falling away again. Having failed to
hold up at the 1.1910 level it is falling further as DXY
continues its long-predicted rally. EUR should fall to 1.1815
and then bounce to the upper parallel again before falling
away further still to 1.1721 as the...
ETHUSD Still Outperforming Bitcoin
ETH rallied just under 100% from the resurrection day lows at
360 to high at 713. In that time Bitcoin rallied 50% or so.
Today Bitcoin is down 3.7% at moment and Eth is down 2.9%.
That's impressive price action by ETH for sure. So far at least.
It should be double that decline but it's less than like-for-like.
DXY Dollar Index Update
After consolidating back to the lower parallel at 91.49 the
Dollar has pushed higher towards the near term upside target
at 92-55-92.64 range where it should consolidate again back
to the lower parallel one last time before moving higher to
the next upside target at 94.03.
The overall trend remains positive whilst DXY stays within
Bitcoin BTCUSD Thursday Morning
Stopped out of the long for 9 point loss overnight at 8172.
Bitcoin is now trading at 8171 after a high at 8282 on Bitstamp.
It's left quite a big rejection spike off the upper rising parallel
of the continuation pattern it's been hammering out since
yesterday's lows - it's just breaking the first litttle dynamic
here as this...
NEOUSD Still Positive - Next Buy Point Approaching
The minimum upside target created by the RHS is 173 but it's
taking its time to get there. Looks to be in process of
completing another continuation pattern before firing higher
again soon. Once it passes 128 and holds there it should
advance to 148/150 where the upper dynamic will most likely
reject it again...
Bitcoin BTCUSD Saturday Update/Buy Points
After another 15 hour period of dreary consolidation lasting
through the European session and right through the US session
to the close Bitcoin finally bottomed right on the low point
forecast for the day before the rally we spent all day waiting
for finally kicked in. Patience was finally rewarded as Bitcoin
Bitcoin Friday Update Next Buy Point Today
Bitcoin duly broke higher from 10600 and we followed that
break. Overnight Bitcoin has made a high at 11189, climbing
three rungs higher on this particular ladder to reach 3 points
below the the next line of resistance at 11192. Day traders
are closing out here and looking to get long again from lower
DXY Update 29th February 10:00 est
Still a buy dollar dips v EUR and XAU market back to the
central parallel of the current run - looking for 91.00 in near
term and then, once this level is broken and held, on up to
91.78 and into the longer term falling resistance line - around
March 6th on this chart. Look to take profits at this point and
Bitcoin BTCUSD Still Long, Still Strong
So, for the first time in a while no selling pressure into 01:00est/06:00gmt. Was looking for a test of the upper parallel on Bitstamp which was scheduled for overnight or into today at 10900 and which still looks on the cards so far for later - once agin the direction of the callis OK but the stop left something to be...
Bitcoin Bitfinex Chart Update 10:37gmt/05:37est
Still Positive - Buy the Current Dip
The big rising dynamic on Bitfinex was the best/most reliable
of the 3 feeds we cover overnight and the early morning 7am
gmt break out of the consolidation pattern was very precise
and right down at the lower levels...so this is still giving good
signals and will therefore be...
Latest Update 11:00est:
Bitcoin is still positive and a near term buy on retests of the
smaller dynamic underpinning the day's rally towards the blue
support line at 9960-9940 with stops below 9900.
Also raising the stop here to just under 9900 on current longs
on Bitfinex to trap in 100 + points if it gets struck (day
trading). The other choice for swing...
Bitcoin BTCUSD Weekend Next Buy Points
An excellent 1300 or 16% rally on Coinbase with an early break-out at 6.30 gmt at 7950 level yesterday (compared to
Bitfinex) has taken Bitcoin to the 9061 line overnight before topping out 24 hours later (at 6.30gmt this morning) as profit
takers moved in. The lower parallel was broken soon after at 8885 and all longs...
Nasdaq 100 Index Update
The minimum upside target at 6694 was met and the next, at
'6787 at best before it falls away again' fell 12 points short
with the high of the day at 6675.
Since then Nasdaq has fallen away in a little continuation
pattern that signals further upside in store. It's just exiting
the pattern and can be bought again with stops below...
So far today Bitcoin has rallied to the next restistance line at
16447 after a high at 16487 but has since fallen away again,
coming back close to important support at at 15574-15485
(amended to cover yesterday's price action better). It's a buy
in this range with stops below 15450. Above here the trend is
still positive but any break below...