Dowjonesindustrial
Take A LOOK @ THe BiG Picture.Hey guys
Your remember that megaphone pattern.
Hell yea. 16.000 DOW and it crashes to 5000 area.
It came to 16.000 people waited to crash 10.000. But it didnt.
It Rallyed to 10.000 more. Yes This is crazy.
Nearly same points. Waited to go down 10.000 but it go up same 10.000.
Maybe ! This balooon came to an end.
If this crashes to 16.000 level from 26.000 levels. Crazy thing. So imaginary if it crashes to 16.000 level is it cheap ?
Hell no. This can crash to 5.000 ? MAYBE. Maybe not..16.000 BEFOre was over in mind. but now if it crashes to 16.000 people think is its free..
26.000 level is a BUBBBBLEEEEEEEEEEEEE for me..
Good LUck..
Woowwww what a coming back. Nice places to sell everything.Last week fear @ top.
Dont forget last week.
This is a good maybe we will see this is the best opportunity to go cash and sell all stocks.
Time will tell. History will write.
Good LUck.
Dow Symmetrical Triangle: Breakout or Rejection?The price has climbed to the top of the symmetrical triangle/descending channel. I think it will turn back at 25400. Low volume on a steep rise just isn't sustainable. What do you all think?
Dow 100,000 by 2028 - 2030I predict the Dow Jones Industrial Average will hit 100,000 by 2028 - 2030. To explain, let's first summarize trends of the last 100+ years of the Dow Jones:
1900 - 1954: Consolidation Rectangle
1954 - 1966: 12-Year Bull Market
1966 - 1982: 16-Year Consolidation Rectangle
1982 - 2000: 18-Year Bull Market
2000 - 2013: 13-Year Consolidation Rectangle
2013 - 20??: ??-Year Bull Market
So how long will the current bull market last? I believe the current bull market still has another 10 to 12 years, ultimately making this bull market a 15 to 17-year bull market. Of course, we will have corrections along the way; however, I expect this bull market to surge throughout the 2020s.
I believe the 2020s will be a revolutionary decade of new innovations and paradigm shifting ideas that will dramatically change the way we live. I don't know for sure what new technologies or trends will shape our future world, but I do believe this will cause a frenzy of average Joes (aka main street or dumb money) to pour into the market and inflate it to unsustainable heights.
Past examples of dumb money pouring into the markets are the 1920s, 1980s, 1990s, and mid-2000s. Of course, all of those bull runs eventually cumulated in a spectacular crash. If you look closely at the chart in 1995, there is an inflection point at which the chart starts to becomes steeper; that was the start of the dot-com bubble in which dumb money rushed in. I believe that an inflection event like that will occur sometime in the mid-2020s which will drive the stock market to euphoric heights.
Currently, there is not enough hysteria, FOMO (fear of missing out) or mass participation from the general public to suggest such an event in the near future; in fact, much of main street America has not benefited from this current bull market. Unless we get an event like the dot-com bubble or the housing bubble, in which the average Joe took on multiple mortgages because their friends and families were making money flipping houses, I think this bull market still has room to run. Right now, I believe it’s the institutional investors who are mostly driving up the stock market. Until I see more dumb money rushing in like the 1920s, 1980s, 1990s, and mid-2000s, I remain bullish on the overall stock market direction.
Of course, all euphoric bull markets must eventually come to an end, and I hope you all exit your positions richer.
For more details and technical analysis, check out my Stock Market Dow Jones Forecast 2018 video: m.youtube.com
Good luck trading,
Eddy Yang
DOW JONES INDUSTRIAL SHORT TARGET 23350DOW JONES INDUSTRIAL SHORT TARGET 23350 (7%)
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Channeling the Dow's Channels - As I Saw Them in My Dream!I had a strange dream last night where I saw all of these weird channels on the long-term Dow chart so I thought I would try to recreate what I saw. Most likely is meaningless garbage but I thought I would do it anyway. Another thing this could be telling me is to stay away from spicy food before going to bed!
DJI 30 30KI have been waiting for this for such a long time. Finally we made a breath down so we can hop again. DJI world market stocks correction. -10% value. 100MA support. 38.2%FIB trump Rally. RSI oversold with signs for a correction. 78.6% FIB last leg of the move. Fundamentally everything looks perfect. Go for the 30K. 3 positions sizes with good RRR. Good Luck
DJI: 1,175 point loss in one day, and what to do from hereFirst off, I'll say what I did during this huge correction from the Dow Jones. After it started to falter after breaking 26,000, I started to get nervous, and was ready to pull out. I just had one holding at the time, AIEQ. If I hadn't had so much faith in Watson, I would've got out earlier than I did (Friday morning), but I soon realized my faith was misplaced once Watson failed to outperform the broader market. I managed to keep my losses fairly low.
Now to my thoughts on the DJI. I don't think it will continue to drop that much further, but I do think panic will drive it down a bit more. I don't see this as a bubble, it didn't go up because of overconfidence (but it went as high as it because so), it went up because of successful earnings reports, tax cuts, increase in jobs, among other things. For this reason, I don't think it will fall very far, as there is real value (as opposed to Bitcoin for example).
Let this be a lesson to those traders like myself who have only ever traded in the Trump economy; it's not invisible.
Finally the BIG SHORT is coming / target 25 % of fallTime to sell everything globally. The HUGE BUBBLE is going to collpase finally! Let's go back to reality. Bye Bye
DJI Dow Jones IA. Just Correction.As you can read from news headlines whole market is went to correction and this was quite predictable.
If you pay attention to 1W chart, RSI was on 92 overbought level, which is a strong signal to fix profits and play bearish game. But I don't think that's it's another financial crisis, U.S. is not dumb and it surely learned a lot of lessons since 2008. Although, market needed correction and it happened.
I put support lines on 1W chart to see from which levels price can bounce for short term trades, but for longer term I guess 21,600 is good level to stop going down, but it may go down lower until 3/1 Fan line.
Be careful with trades and don't forget about stop-losses.
Dow Jones Industrials DJI Back on the buy listDow Jones Industrial Average DJI Back to buying the dips
Yesterday the Dow completed a 10% drop from the high (10%
off the top is 23956, the low was 23923.8, just 0.5 of one
point from the support line at 23924. An 11% drop would be
23690 - there is another fixed support line at 23613, just 77
points lower. This line line should be the limit of any further
downside should 23924 line give way today at any point. From
there it should rally back to 24345 -24400 range where it
should begin to retreat again..how it reacts here is key...if it
can hold up off 24300 and then go on to break above 24400
again it becomes a buy with stops below 24345. Otherwise we
ait for lower levels. But so far this is a sharp fast standard 10%
decline ina bull market. Done and dusted so long as 23611
holds out this week. Back to buyng dips for now.
DJI (CBOT)B&B Pattern. Trade setup with Buy Limit position (EP) at 25387 Stop Loss (SL) at 24531 and Take Profit (TP) at 26186.
Money Management
I have 22,800 USD in my portfolio. I can lose 10% of the port which is 2,280 USD. I will Trade MINI DOW JONES ($5)
Position Sizing
1 Tick = $5
1 Contract size need IM = $3,685 (I can open not more than $22,800 / $3,685 = 6.187 Cons)
It is 856 Tick from EP to SL, with 1 Con, I will lose 856 * $5 = $4,280
To lose 2,280 USD I need to open 2,280 / 4,280 = 0.53 Con
Then I will put 1 Contract
If I win, I will gain (26186 - 25387) * $5 * 1 Con = $3,995
P.S. I will not trade this position because stop loss is beyond my acceptable number
