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24-10-2015, 06:29 PM
#841
Impressive comeback
DOW .. wow! Chart shows an impressive comeback, sliced up through the overhead resistance (now support), over the 200EMA, even a small gap-up day from Thursday to Friday. Smashed the technical breakdown point and the 100% retrace. At this stage the bulls are firmly in control.
Attachment 7682
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29-10-2015, 10:19 AM
#842
Update 2/11: The declining trend line from the May high came into play perfectly, with the DOW halting its stellar rise on Wed, Thurs indecision doji, then Friday retreating to close down 92 at 17,663. DOW futures currently down a further 90 at time of posting.
29/10: DOW continues to impress, risen right up to test the declining trend line from May. What could possibly go wrong when everything appears to be going so right.
Last edited by Baa_Baa; 02-11-2015 at 09:16 AM.
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20-12-2015, 10:59 AM
#843
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20-12-2015, 12:08 PM
#844
Nice long term chart Hoop, looks vulnerable having this year consistently made lower highs and now looking at testing ST supports. This talks about the "on average" stocks testing the 2009 uptrend - http://www.zerohedge.com/news/2015-1...t-2009-uptrend and this view on the Fed raising - http://www.zerohedge.com/news/2015-1...ms-what-comes-
Short term, DOW does look vulnerable though as you say there seems strong support at or around the 'bull/bear' 1700 level. Intriguing that the two Fib retraces drawn line up the 38.2% and 50% at that 1700 support level, and then again the 50% and 61.8% around 16700. Note the larger than usual volume on Friday's sell down. Futures are sideways down a bit at this early stage http://www.investing.com/indices/indices-futures
Attachment 7765
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23-12-2015, 04:15 PM
#845
Hoop - what you make of these charts?
DOW at 6.000 seems incredible.
http://www.marketoracle.co.uk/Article53314.html
Merry Xmas and Happy New Year me old mate
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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24-12-2015, 12:32 AM
#846
Originally Posted by winner69
We're doomed I tell ya.
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24-12-2015, 12:39 AM
#847
Last edited by Hoop; 24-12-2015 at 12:57 AM.
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24-12-2015, 09:50 AM
#848
Thanks for your thoughts Hoop
Did you see this ? Just as well NZX has a mind of its own and 2016 will bea Omer.
http://www.businessinsider.com/dow-n...e-1933-2015-12
What was once viewed earlier in the year as a positive year for the Dow is currently negative to date. I am reminded lately by traders and a myriad of articles that typically the year before an election year is the strongest of a 4-year presidential term.On average (based on data going back to 1933), the Dow Jones Industrial Average gains 10.40% during pre-election years. So far, we are facing negative growth during a pre-election year which would mark the first time this has happened since 1939, according to the traders almanac. However, the year is not over until, as they say, the "fat lady sings." It is the general sentiment amongst the trading community that we will rally into the close of the year. We shall see if it is enough to reverse the fortunes of the Dow.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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24-12-2015, 09:51 AM
#849
Thanks for your thoughts Hoop
Did you see this ? Just as well NZX has a mind of its own and 2016 will bea Omer.
http://www.businessinsider.com/dow-n...e-1933-2015-12
What was once viewed earlier in the year as a positive year for the Dow is currently negative to date. I am reminded lately by traders and a myriad of articles that typically the year before an election year is the strongest of a 4-year presidential term.On average (based on data going back to 1933), the Dow Jones Industrial Average gains 10.40% during pre-election years. So far, we are facing negative growth during a pre-election year which would mark the first time this has happened since 1939, according to the traders almanac. However, the year is not over until, as they say, the "fat lady sings." It is the general sentiment amongst the trading community that we will rally into the close of the year. We shall see if it is enough to reverse the fortunes of the Dow.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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02-01-2016, 11:36 PM
#850
Originally Posted by winner69
Thanks for your thoughts Hoop
Did you see this ? Just as well NZX has a mind of its own and 2016 will bea Omer.
http://www.businessinsider.com/dow-n...e-1933-2015-12
What was once viewed earlier in the year as a positive year for the Dow is currently negative to date. I am reminded lately by traders and a myriad of articles that typically the year before an election year is the strongest of a 4-year presidential term. On average (based on data going back to 1933), the Dow Jones Industrial Average gains 10.40% during pre-election years. So far, we are facing negative growth during a pre-election year which would mark the first time this has happened since 1939, according to the traders almanac. However, the year is not over until, as they say, the "fat lady sings." It is the general sentiment amongst the trading community that we will rally into the close of the year. We shall see if it is enough to reverse the fortunes of the Dow.
Did you get the latest chart of the day in your email? Winner
Last edited by Hoop; 02-01-2016 at 11:38 PM.
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