Dow jones trading close to an important support zonehttp://niftychartsandpatterns.blogspot.com/2010…
I think this is a head fake to the upside.
possibly covering. Not going long though. i would reshort then at around 1097.
I think we will trade sideways to up until the FOMC meeting… then?
That would be the RS call. So are you covering and going long at that point??
Disagree. I think we break 1080 to the slightest and then rally hard just to fool everyone.
thank you!
If we hit 1080 today we bounce. If it breaks 1080 it collapses.
Question will be do we cover or hold???
As I type bounce seems to be in play.
monicadern
You must be having this indicator called ichimoku in your charting software. Ichimoku works well in larger time frame. For example try plotting ichimoku cloud for eur vs usd in daily chart.
Yes, because my husband will have killed me!
Dow jones trading close to an important support zone
http://niftychartsandpatterns.blogspot.com/2010…
I think this is a head fake to the upside.
possibly covering. Not going long though. i would reshort then at around 1097.
I think we will trade sideways to up until the FOMC meeting… then?
That would be the RS call. So are you covering and going long at that point??
Disagree. I think we break 1080 to the slightest and then rally hard just to fool everyone.
thank you!
If we hit 1080 today we bounce. If it breaks 1080 it collapses.
Question will be do we cover or hold???
As I type bounce seems to be in play.
monicadern
You must be having this indicator called ichimoku in your charting software. Ichimoku works well in larger time frame. For example try plotting ichimoku cloud for eur vs usd in daily chart.
Yes, because my husband will have killed me!