Major horizontal support approaching and, major sell off today. 1/4/16 I will wait for a bear trap or at least further selling till, Dow find some buyers on that weekly trend line. both major support location, and buying location.
This post is very similar to my previous post regarding SPY (See "Links to Related Posts" below). I am very bearish on the DOW overall and I think we will see that translate into selloffs of DIA to retest the $171.00 level. The trading during the shortened New Years week was lower in volume, but still indicative of an overall bearish sentiment in the market. My...
Broke on the 23 rd of decemeber now continuing to approach support and testing the 31..29 support Can continue higher, if so i am going to move up move stop.
Motivation: Historical data shows how the index ratio SPY/DIA gives insight into different market phases since the Dow is more attractive when risk is high. (ref: www.crossingwallstreet.com ) Daily and intraday movements can be both described and predicted using trendlines on the SPX500 premium over the US30 in dollar terms. Specifically, the...
Long Term Trendlines Appear to be indicative of Trend Change in DJI aka US30
Here is my view, So, predicted rate hike is 0.25 basis points more. i really don't think fed will hike more than 0.05 -0.10 basis points. so overall i think it would create negative impact on dollar as it wont come out expected. plus s&p broke monthly channel so overall i am negative for dollar and positive for bullions. all the best everyone stay safe.
Dow made 3 waves retracement into 50/76% retracement level of the down move from 17881 highs. Expecting a reaction lower into 17400 area
1- US Dollar is at 127 Extension from where it started falling in August. 2- Bearish Butterfly Pattern in the Making.. 3- Overbought in RSI 4- Bearish Divergence in Monthly Chart 5- ECB President Speech on Nov 11, will hint at QE, which is already discounted in Euro. 6- Rising on the Hint of Rate Hike, which won't happen
This simple RSI-MA long/short algorithm beats the Dow by a FREAKING HUGE margin over the past century (excluding dividends and trading costs). The algorithm uses a fast SMA of the RSI as a buy/cover signal and a slow SMA of the RSI as a sell/short signal. Backtest period = 09/17/1916 - 11/02/2015 DJIA = 98 --> 17,830 = +18,094% = 5.38% CAGR Algorithm = net...
DOW had positive news during earnings. If you disagree there is harmonic BAT pattern to confirm your short trade.
My vertex hypothesis states that before major trend changes, the vertices on their respective parabolas will be generated on their moving average parabolas (minimum or maximum points in which the slope of the tangent line is zero). A common metric for bearish vs bullish market cycles is the price action being below or above the 200 daily moving average,...
In " Gold Leaps Higher as Worries Mount ," I briefly pointed out how those very same institutions that championed quantitative easing policies implemented by the Federal Reserve are now coming out to proclaim quantitative easing added no substantial benefit to the real economy . Gold was pushed lower on the assumption that central banking policy would all pan...
(Note: DOWT is no longer in a bear market after rallying the last two weeks) 2015 was suppose to be just another year of the epic bull market created by reckless central banking policies. Some Wall Street estimates for the S&P 500 were as high as 2,300. Me? I projected a contraction to 1,810 in mid-January. Whether or not the SPX will reach my target within the...
Just one traders opinion on what's to come. Remember, traders don't get paid on opinions. Have a bias, but never be afraid to change it if the market shows you you're wrong.
October 2014 - October 2015 coppied and pasted on to years 1965-1966 correction rally and correction. Here is a possible fractal where current price could be following or rhyme with years 1965-1966. Both periods had an initial correction (october 2014) both periods had a powerful rally out of the correction lows that made a similar % move and time move from lows...