Dow Jones
MAV
5:8957
20:9581
50:10431
I would go for long for today. If it gonna open at lower than yesterday and keep it till next week.:idea::idea::idea:
Dow Jones
MAV
5:8957
20:9581
50:10431
what do you guys think? This is definitely worth keeping an eye on...
what do you guys think? This is definitely worth keeping an eye on...
what do you guys think? This is definitely worth keeping an eye on...
Good evening everyone,
Here is the same old charts again.
Looking at Weekly W1 and W2 charts, I am shocked to see that we have broken through all previous support lines. I appreciate we are living in exceptional times, but markets don't always move this way.
Based on W3 charts, I'm a big fan of Pivot Points as targets and so I have;
R2 @ 11220
R1 @ 9677
PP @ 8800 ish
S1 @ 7236
S2 @ 6339
I feel we will consolidate around these 8500-8800s and possibly attempt 9700s again soon. If 9700 is breached then obviously 11200s. I did see 10200 from previous analysis and this is still one of my targets once the bounce kicks in.
Overall I'm bullish. I really can't see us falling much below 8000 which is likely to be considerable level of support. The upside potential imo is greater than the downside at present.
I also feel the big pension fund players have it in their interest to buy - as their personal bonuses will be based end of year prices and so they will naturally (based on greed) will buy as it has been the case many years before.
Some companies my well be over sold and reflect true value (although I find it difficult to know what is true value these days... ) and so it is also possible the private buyers may well move in for the festive season too. I am one of these bodies looking for strong companies with good consistent dividend payments at the moment to start a new share portfolio.
Good trading everyone...
very tough these days...
i am actually expecting buy on fact...but it seems tougher than usual...:idea::idea::idea: