more shorts in at 1250
1260 pivot smashed , i reckon its down to test lows from here
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more shorts in at 1250
1260 pivot smashed , i reckon its down to test lows from here
Whats the best site to get a graph for the dow jones?
there should be plenty of free sites yahoo finance , big charts etc
i can post one , just let me know what you would like on the chart.
Dr Who
As a freebie Stockcharts might suit your requirements
http://stockcharts.com/charts/gallery.html?$INDU
Go to the bottom left of the page and click 'Gallery View'
rgds - arco
Many thanks DA and Arco. :)
Is the Dow a long or short? I cant tell... LOL
I use Incredible Charts or this one shown below from Digitallook
I have tarted this one up (from Digitallook) using the paint program and have saved it for my personal use later.
Digitallook is free but have register (no big deal)
From my chart the DOW looks ugly.... bear rally now over and next downtrend in progress....do you Guys agree??
non farm payrolls tonight may be a market mover
im still completely bearish on dow
bear flag broke as expected and seems inevitable that lows will be tested
i do feel though that the dow will be a buy when what im expecting to be
the final downleg of this wave completes, but expecting a nasty c wave completion to
? 9500 - 10000
9500 -10000 ...yep... I'm expecting that ball park figure as well
A very rough and unscientific guide is... "the next downward leg is equal to the previous one"
the previous drop was from 13000 to 11000 (round figures) = 2000
last rally peak was 11500 - 2000 = 9500
I'm looking at 8500 for the ultimate Dow low, but I guess about the 9900 might yet hold.
If it bounces tonight, I may consider shorting the Dow.
.
DBs the EW king, but to my thinking this looks like an ABC 3/3/5 with another big fall looming ahead.
thanks for posting the chart arco, i have not really looked at the dollar index.
nice elliot count , slightly bigger picture suggests may be a 4 th wave correction
and best count c wave of 4th wave.
if this count is correct would allow for current weakness against euro , gbp aud etc
being a correction rather than a new trend.
i kind of buy into this as dollar bullish view getting to extreme levels .
count on the sp 500 which is similar to dow
entering wave 3 of c lower
the most violent part of the downtrend so buckle up
.
Spotted this on Larry Edelsons site.
.
i think this is one of the clearest counts going.
weekly sp 500 , note on the way up when the 5th is the longest the complete wave is normally retraced.
very profitable fall on sp 500 for me but can't help feeling a little sad.
im a little speechless!
right enough of that emotional rubbish and back to business.
i am going to start reviewing US stocks and draw up a portfolio to buy into the market.
This is what i believe to be the final leg lower and should now at last provide some buying opportunities in the next few months.
no hurry as i think were going lower, possibly a lot lower, but the us market was first in and
therefore will be first out.
anyone interested in contributing.
Should we go long or short on the Dow?
easy dr. , still big short but you need to be thinking next step.
i reckon this will be the final leg lower so need to be thinking what the plan is when it finally bottoms.
how you going to play it , what sectors to look at etc