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  1. #1
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    Default Dow Jones Ind Av

    just doing a bit of work on dow

    the preferred count is bearish with a c wave possibly completing around 12900

    the dow should then take a serious beating as its a third of a third wave

    which is the start of a large abc correction running multi year

    usual implications for carry trades

    sorry about line chart for some reason i only get eod closing for dow , which does have impact on fib lines
    are you the same arco?
    Last edited by dumbass; 04-02-2008 at 10:05 PM.

  2. #2
    action-reaction arco's Avatar
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    DB

    I get them OK

    Right click on the line plot, select 'price style' and change
    to candlesticks.

    arco
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  3. #3
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    what i meant was that the data file from infoscan open high low close all come through as closing prices , so it isnt much of a candlestick chart
    i probably have a problem with that particular file

  4. #4
    action-reaction arco's Avatar
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    DB

    Sounds like a file problem.

    I've e-mailed the DJI file to you

    arco
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    thanks arco i will give it a go

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    Quote Originally Posted by dumbass View Post
    thanks arco i will give it a go
    Looking forward to seeing what you post from it...
    Death will be reality, Life is just an illusion.

  7. #7
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    I've been seeing all these bullish engulfing candlesticks followed by a bearish engulfing candlestick. Pretty confusing at the moment, there's too much volatility to read.
    Disclaimer: Do not take my posts seriously. They are only opinions.

    AMR has sold all shares and is pursuing property.

  8. #8
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    Wow DA, it looks like your caution was warranted.
    Disclaimer: Do not take my posts seriously. They are only opinions.

    AMR has sold all shares and is pursuing property.

  9. #9
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    Quote Originally Posted by AMR View Post
    Wow DA, it looks like your caution was warranted.
    Yep Dumbass good call
    so much for that hammer

  10. #10
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    a level which holds some significance is the 68% retracement not to be confused with the fib 61.8 level.
    its significant from the view if retracements occuring in thirds.

    dow 68 % retracement of recent bull market at 9438

    i looked on this as the last big reversal zone if we get a close below that then the earth will tilt of its axis and we will all be doomed.

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