Dow charting

Discussion in 'Stock picks and trading strategies' started by avontureke, Feb 12, 2014.

  1. Technical Alchemist

    Technical Alchemist forum leader won penny contest 13x won weekly contest 12x

    Define "collapsing," "collapse," and "soon." Maybe we have different definitions for these words but it is this type of hyperbole I expect from 24-hour cable news to drive advertising revenue, not experienced investors.
     
  2. avontureke

    avontureke Active Member

    good morning...

    We are already well on our way to complete my backbone of yesterday...so I added some new levels to expect in this correction.

    Be aware that china is looming again !!! So some sudden axelleration could be possible !
    Also the media and the investor community is finally waking up and seeing the dangers. If this go's on we will soon enough see the healty correction this market needs 8)

    ofcourse you should always be carefull in these kind of markets. Doubt can cause people to act up.

    next.jpg
     
    Last edited by a moderator: Mar 22, 2014
  3. avontureke

    avontureke Active Member

    very weak attempt to recover...we barely make it to 16025

    very weak.jpg
     
    Last edited by a moderator: Mar 22, 2014
  4. avontureke

    avontureke Active Member

    resistance at 16025 did his job...

    afine.jpg
     
    Last edited by a moderator: Mar 22, 2014
  5. avontureke

    avontureke Active Member

    we are forming what looks like a bullish pattern butt I think its a bulltrap...

    notice how we are positioned smack under a major ressistance at 16025. Those not aware of that 16025 could get hurt

    very tricky situation colosup.jpg
     
    Last edited by a moderator: Mar 22, 2014
  6. avontureke

    avontureke Active Member

    a spike...but it is worth basicly nothing. Have a look at the futs...we are simply being pusched towards the 0 % change mark.

    aaaspikeeer.jpg
     
    Last edited by a moderator: Mar 22, 2014
  7. avontureke

    avontureke Active Member

    and that was a new lower top

    going down now
    agoingdowdsd.jpg
     
    Last edited by a moderator: Mar 22, 2014
  8. avontureke

    avontureke Active Member

    it took a while but there we go

    this was to be expected to go slow. Once again all eyes will go to opening US.



    aabetter.jpg
     
    Last edited by a moderator: Mar 22, 2014
  9. avontureke

    avontureke Active Member

    we are barely moving anymore..If you want to short it use small positions and lower leverage. The market is moving to slow spikes can happen

    I dont like to trade a market like this. People get nervous and that can create some strange moves.

    Infact you would be better off waiting US opening.

    slowww.jpg
     
    Last edited by a moderator: Mar 22, 2014
  10. avontureke

    avontureke Active Member

  11. avontureke

    avontureke Active Member

    walmart clearly finishing the job

    oksthen.jpg
     
    Last edited by a moderator: Mar 22, 2014
  12. avontureke

    avontureke Active Member

    walmart injected the movement and momentum we needed to get going....nice

    We could still recover a bit but it's getting harder every second...

    ahmoementem.jpg
     
    Last edited by a moderator: Mar 22, 2014
  13. avontureke

    avontureke Active Member

    if you cant see the massive bearish setup in this chart then you need glasses :cool2:

    glasses.jpg
     
    Last edited by a moderator: Mar 22, 2014
  14. avontureke

    avontureke Active Member

    we are getting to close to the opening of the US markets...thats a good raison to stand aside for a moment until we passed that.

    there are plenty other oppertunities to score...you dont need to take to many risks
     
  15. avontureke

    avontureke Active Member

    jobless numbers and opening in 30 min give us a jump up....

    no problem ofcourse...you're not in the market 8)

    joblessnum.jpg
     
    Last edited by a moderator: Mar 22, 2014
  16. avontureke

    avontureke Active Member

    numbers are not THAT good...they are slightly good. At best...

    so this will probably not last. Best to wait for opening US though
     
  17. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    And it proceeded to bounce right after that. This was my point. You can't just be one sided, bummer you missed the bounce play. I don't even play futures, but I told my chat room yesterday, watch for gap up in the morning in SPY....

    I'll leave you alone and let you 'predict' this crazy market.... Good Luck.
     
  18. avontureke

    avontureke Active Member

    and back we go....
    ending up exactely at 16040....the neutral point of 0% where the dow will open in a few seconds

    and back.jpg
     
    Last edited by a moderator: Mar 22, 2014
  19. avontureke

    avontureke Active Member

    a few minutes I mean...pardon my spelling at times. I got to type fast and post at 3 location while being not so good at written english...lol
     
  20. avontureke

    avontureke Active Member

    thats why we did not play the opening 8)

    now we wait and let those happy buyers buy..wont last long

    tipecal.jpg
     
    Last edited by a moderator: Mar 22, 2014

Share This Page