On the last chart I only trade if BOTH indicators cross into the GREEN or RED. Green for a "Long" trade and Red for a "Short" trade. Any questions please let me know.
I have always had a negative attitude towards the stock market and so have always traded "short" and I have paid the price getting my "fingers burnt" many times. I have had to change my attitude towards the Dow Jones because naturally over the months and years the stock market always goes up not down. As regards the stock market being this high in a "economic meltdown", and it will only get worse, I see the Dow Jones in a very dangerous position to CRASH. I don't think it will crash though until the summer of 2021. I can see it crashing by over 50%. Wall street is now well and truly detached from main street. Traders have become complacent ignoring the terrible economic climate. Mark my words this market will CRASH the worst in history in the near future and I am very certain about that. I was a bit premature calling a crash last year but I am even more certain the Dow Jones will crash by the end of 2021. Traders can't keep pushing the stock market up like this against the dreadful economic climate and not expect to get burnt badly. I am just going to go with the "flow" on my indicators.Thanks for the update.
Now given what you have written which seems to indicate that you are prepared to trade long or short positions these days. Am I correct in thinking that you have dropped your "short only" "end of the world" predictions?
If so, I find this to be great progress.
I have made a lot of mistakes in my life especially with trading decisions. But I have always said its not the mistakes that you have to worry about. Learning from your mistakes and not repeating them is the most important lesson. This is the way you improve your personality and also become a better stock market trader. I have spent about 20 years trying to beat the stock market system and I will never give up on trying to find a winning combination of technical indicators. The stock market is 100% a mathematical system with a "hidden" predictable formula behind the numbers. I will find the secret eventually.Thanks for the update.
Now given what you have written which seems to indicate that you are prepared to trade long or short positions these days. Am I correct in thinking that you have dropped your "short only" "end of the world" predictions?
If so, I find this to be great progress.
The secret to predicting the next market crash is simple!I have always had a negative attitude towards the stock marked and so have always traded "short" and I have paid the price getting my "fingers burnt" many times. I have had to change my attitude towards the Dow Jones because naturally over the months and years the stock market always gown up not down. As regards the stock market being this high in a "economic meltdown", and it will only get worse, I see the Dow Jones in a very dangerous position to CRASH. I don't think it will crash though until the summer of 2021. I can see it crashing by over 50%. Wall street is now well and truly detached from main street. Traders have become complacent ignoring the terrible economic climate. Mark my words this market will CRASH the worst in history in the near future and I am very certain about that. I was a bit premature calling a crash last year but I am even more certain the Dow Jones will crash by the end of 2021. Traders can't keep pushing the stock market up like this against the dreadful economic climate and not expect to get burnt badly. I am just going to go with the "flow" on my indicators.
We thank you for your efforts. 👍I will post my charts, price and volume data again here as soon as I get a "SELL" (go short) signal from my system. I am determined to help my fellow traders make money from trading the Dow Jones. Practice makes perfect as they say. My 20 years of experience in trading is not going "down the drain". I have not come this far just to give up. Absolutely no way!
We're used to that here.At the moment I am posting all the price and volume data for the Dow Jones I can get hold of on the website I use. The information will probably contradict each other at times on the possible future move of the Dow Jones but I am posting all the data so that possibly just a couple of the indicators stand out as being accurate over time. If you notice any patterns or information and charts that you think are useful please let me know.
And what do you mean by that postman? I'm NEVER WRONG! Ha Ha ha lol...........................We're used to that here.
No not you specifically, there are plenty of other threads with contradictory information.And what do you mean by that postman? I'm NEVER WRONG! Ha Ha ha lol...........................
On my 5 day (5 min bar) chart the Dow Jones at the open hit a "pivot point" at 30,658 and it has fallen from that level all day. Also at the open there was a "divergence" on the Adv/Decl Osillator so I should have traded and gone "short". I was not looking at this particular chart until an hour ago so I was too late. I had a feeling the Dow was going to fall today but every time I get a "gut" feeling I tend to hold back from trading.No not you specifically, there are plenty of other threads with contradictory information.
And non of us are right all the time, look at my call last night for a real clanger.
"Yesterday at 5:29 PM Add bookmark #107,319
What are we thinking guys.
My view is dow goes to +250 within the first hour 11pm to 12 midnight. Then opens tomorrow at +340 going to +500."
In my defence the dow was +200 at one point!