Where is the Dow & others heading in 2005?

[ChowClown]

CC could you post a daily chart - 1 day with stochs. Thanks

..this any use?

 

[User]

CC I just wanted daily candles. 1candle-1day ?

 

[ChowClown]

ah, here you go:

 

[User]

Thanks for that. Just wanted to see where the stochs was sitting. Not much scope for alot of upside. Just need some confirmations on the downside.

Lets see

 

[counter_violent]

divergences anyone

down down deeper and down

 

[FetteredChinos]

c0ck-locked, ready to rock.. (to quote Spaced)


looks like im going north on the first upwards stochs cross..

 

[FetteredChinos]

right.. got the cross..

long at 10760..

 

[User]

10750 is providing support for the Dow. A decent breach of this should see us travelling towards 10730 which should collapse and provide no support for the Dow at all and then a real test of 10700 should be seen.

 

[FetteredChinos]

you know what.. this 1st stochs cross has got some potential..

currently in profit, and if this one holds on til the end that would be 4 from 4....

 

[FetteredChinos]

1-2-3 bottom forming?

2 point is 10770. if that goes, we're in business.

FC

 

[ChowClown]

GL m8, looks promising; not playing today.

 

[ChowClown]

...well, until p3 bashed thru....let's hope for a double bottom.

 

[User]

No lets not hope for a double bottom CC, because I'm short!

Goodluck anyway

 

[ChowClown]

good luck User.

 

[FetteredChinos]

nadgers...

still, im not worried overly.. looks like a DB at the moment..

action looks similar to wednesdays, IMHO. in fact.. nearly identical thus far.


hmm..

 

[frugi]

I wonder if this is a Wolfewave setup?
If the double bottom holds we might see 10790-800 later.

 

[FetteredChinos]

agreed frugi..

ive got an unlikely target of about 10805 today..

(70pts up from premarket low..)


(currently a bit hacked-off i didnt jump on at 10738 after PPI)

 

[frugi]

It's bit reluctant to break out of the falling wedgie though.
Still, there doesn't seem to be much selling here so perhaps it just needs time.

 

[counter_violent]

700 close .....has 2 b cos I picked it for the Dow comp :cheesy:

 

[FetteredChinos]

i had better swap and go short then counter lol