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I was playing the numbers game and have Dow 27650
as my perfect top in October.I will be happier if I get the time and price but
even then I will take great care with shorts.Never give up, never surrender.
Today the Dow should be S4L and that may help find
lower support for the central bank action rally.Starting with the ECB on the 12th
Never give up, never surrender.
Dax and also Ftse put in the early low and then rallied.
I would look for the Dow to try something like that.
Never give up, never surrender.
Small long Dow at 26725 … stop 26000 … limit 27350 ( x 3 )
It’s my Central Banks rally trade.
Never give up, never surrender.
Small long Dow at 26725 … stop 26000 … limit 27350 ( x 3 )
It’s my Central Banks rally trade.
Closed at 26835 … +110pts x 3
Never give up, never surrender.
South China Morning Post … unnamed sources …
China to buy more agricultural products in the hope
of getting a better trade deal with the US.Never give up, never surrender.
Perfect for the bulls …
Good news on US – China trade war.
Central Bank rate news coming soon.Never give up, never surrender.
Small long Dow at 26725 … stop 26000 … limit 27350 ( x 3 ) It’s my Central Banks rally trade.
Closed at 26835 … +110pts x 3
Congratulations on your trades cimac.
I am out of the market for the moment waiting for the right shapes to form.
Thanks hatman
I too was waiting for the bigger picture and then
this bonus STD play unfolded.Never give up, never surrender.
DOW: for the sake of completeness I’ve updated the minute-by-minute chart to show the last few days action and the likely STD days.
Today is ‘day 1’. Having apparently completed waves 1, 2, 3, 4 it’s possible that the Dow will spike upwards today to complete ‘5’ somewhere in the 26,900/27,000 region. Alternatively it can take the ‘leisurely route’ upwards and spend the rest of the week doing so.
Ray Merriman has a key possible reversal day Sept 10, so the spike is worth watching for.
Small short Dow at 26900 … stop 35000 … limit 20000
Call it cimac’s chandelier trade !
Never give up, never surrender.
I have traded this Dow long and short today.
I have a good profit and now want Dow 27000 for my final short.
Never give up, never surrender.
The Dow has exceeded the upper price targets I had in mind for this potential five wave move. There is another measurement that suggests the 27100 area, perhaps 27150.
SPX reached my lower price target for the 5th wave at 3001. The price range was/is 3001/3015.
So on the face of it these moves can be complete.
However something doesn’t feel or look right about it and I have a suspicion that the upwards move isn’t yet over and done with.
I have got one eye on my ‘bullish leading diagonal’ chart which if correct suggests a marginal new ATH (of course it might be completely wrong but I suspect not).
Also, I don’t know much about STD but as today was ‘day 1’ I was looking for a potential spike and reversal; instead it ended at the high of the day which I suspect suggests a positive trend for the current four day sequence.
Analysing the Dow minute-by-minute stuff I can see the possibility here of an ‘extended five’ that measures into the 27,375 area for the move this week and then eventually to a new high in the 27,500 area. Naturally I cannot be sure, but a price print above 27,150 (say in the low 27,200’s) would give a strong hint that the market does indeed want the 27,375 area for this part of the move.
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