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Mikeylai13
(121 posts)
wrote on 11/16/09 11:39 PM
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any views on the current dow?
bullish TA - monthly dow above sma20 and going up with adx/dmi indicators.
vix is about to show further movement down as adx about to enter the zone meaning more bullish for dow when vix decreases. weekly and daily today on dow shows possible further movement up.
ML
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arf7
(790 posts)
wrote on 11/16/09 12:35 PM
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follow the bouncing ball!
:-)
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Andrew13
(1609 posts)
wrote on 11/16/09 11:05 AM
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The S&P's opened above 110 and we're holding there. Dow's been above 10K since Friday.
From the looks of things today, some fat man, somewhere, looks like he's climbed aboard some kind of sleigh.
-Andrew
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arf7
(790 posts)
wrote on 11/3/09 6:06 AM
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we shall see!
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David R
(43 posts)
wrote on 11/3/09 3:43 AM
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Hi Allen, Andrew,
My (amateur)spin on it is based on a daily picture from the October 07 high being the 'b' up from 02, and we are now in the 'c' down, have finished primary wave 1 down (ending March 09) and finished primary 2 just a few weeks ago. So I believe the Primary 3 down has begun which will take us through 2010?. So your monthly EW 4 picture gives the same outcome, which (in my mind) further confirms where we are heading. A bit of fear from the masses about the stimulus not working, more news on those 3.3 million households that are +60 days behind in mortgage payments, and a hint that there is no more money to borrow could get the ball rolling. I heard someone say in Aug 08 that the perfect storm was brewing........maybe from March to Oct this year was the eye of it????.
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arf7
(790 posts)
wrote on 10/27/09 8:05 PM
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LOL -
You're right Andrew,
there are some very bad boys out there (I actually like the bad girls though - haha) and Christmas may be a bit dark this year!
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Andrew13
(1609 posts)
wrote on 10/27/09 7:08 PM
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Like I've I've posted in other forums, in my opinion, not even you can save Christmas this year, Allen.
-Andrew
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arf7
(790 posts)
wrote on 10/27/09 11:08 AM
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I am interested to hear opinions from other EW enthusiasts on the current state of the Dow's EW.
From my point of view looking at the monthly chart I see a wave 4 retracement of approximately 45%. I did a quick visual and subtracted just the obvious numbers.
I also see the Dow is sitting on its monthly 20sMA, which always gets me thinking/watching.
And it has already done a 7% drop since its high.
Any insights from the gallery?
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