indrajit_16
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Folks,
Lets start a continuous thread on Dow (DJIA) analysis. The thread is dedicated on break-out techniques.
The rules:
We will analyse 3 trends of dow. One based on 20 days range break out, next 10 days range break out, and last 2 days range break out. Thus we can catch all short term trends. If we get a 10 day range breakout we will follow it with a 2 day range stoploss.
The technique is based on a complex Amibroker formula language (AFL) or a Metastock Formula (MS Formula) tweaked by me. It can be used in any liquid stocks and indices.
The dow EOD screen-shot attached:
The analysis is like this:
20 day swing is up trend with reversal at 7449
10 day swing is up trend with reversal at 7700
02 day swing is up trend with reversal at 7899
So, overall, dow shows uptrend. Please follow the reversal points.
Regards
Indrajit
StockManiacs - Free Analysis On Indian And US Stock Markets And Free Real Time Nifty Chart
Lets start a continuous thread on Dow (DJIA) analysis. The thread is dedicated on break-out techniques.
The rules:
We will analyse 3 trends of dow. One based on 20 days range break out, next 10 days range break out, and last 2 days range break out. Thus we can catch all short term trends. If we get a 10 day range breakout we will follow it with a 2 day range stoploss.
The technique is based on a complex Amibroker formula language (AFL) or a Metastock Formula (MS Formula) tweaked by me. It can be used in any liquid stocks and indices.
The dow EOD screen-shot attached:
The analysis is like this:
20 day swing is up trend with reversal at 7449
10 day swing is up trend with reversal at 7700
02 day swing is up trend with reversal at 7899
So, overall, dow shows uptrend. Please follow the reversal points.
Regards
Indrajit
StockManiacs - Free Analysis On Indian And US Stock Markets And Free Real Time Nifty Chart