DOW: Set up for a big sell-off (massive profit taking)?

[lockstock]

nice post BB,


agree Rglen, for sure there is plenty to be made around the 9,450 area, major xroads.

Then who knows??



cheers Ls

 

[grubs50]

So has d sell-off finally begun judging from friday's drop or it's another false alarm and we would be well on our way to 9600 as has been suggested by some people?.

 

[rglenn]

I don't use charts or Technical analysis for my trading but however, looking at these from my perspective it appears that the Dow is still in a upward trend.

My analysis for next week would be a fall initially before breaking through 9500 and heading up towards 9600.

 

[mma]

* So has d sell-off finally begun judging from friday's drop *


OH yes , please !!!

 

[andyc123]

the dow is heading up.
new data this week will show gdp growth estimated for around 3%
consumer sentiment is high
asian markets are strong
european markets, even in current recessions are rising due to positive future outlooks
now money is coming out of bonds and theres only one place thats heading - into the stock markets.
rightly or wrongly, the dow is heading up at the moment, just dont miss the boat by being too bearish!!

 

[mma]

* new data this week will show gdp growth estimated for around 3% *

dow could be down 200 points by then , more than enough to take profits !

 

[mma]

- 36 and half hour into trading

 

[rglenn]

Remember the Dow has already fallen 200pts roughly from a high of 9499!!

 

[rustic1]

The DOW does not seem to know if it is going up or down

Rustic

 

[mma]

I've taken profits already.

 

[grubs50]

I still think it is slightly overpriced so let's wait and see.

 

[grubs50]

At long last, it's yeilding good profits and returning to a more realistic price

 

[oatman]

The "good" figures were already priced in, so you needed "very good" numbers just to stand still.

Happy trading

 

[mma]

What did I say , both the dow and dax are downing at the moment .

hope you guys are short selling like me