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Dowjonesindustrial

DJI Bearish Pattern close to breakI've told you and I hope you're still in it with a nice profit. If you want to celebrate do it with respect, because do not forget, millions of people, most of them Americans are losing their money. At the same time think about this pattern "descending triangle", which looks very nice to go for and bears will push and takes action on. Monday or Tuesday? This trade was based on risk and remember what I said about it: While big investors start to jump out of the train they kick off a bearish move... Why? The answer is harder than you think, but at the same time, it has a logical decision. Since some months ago I shared with some friends about this risk, but the market just went higher over and over. You know I like to apply maths to my trading, but at the same time history, actually economy is a social science, so as history repeats itself economy do as well. Watch out, I'm not talking about will happen tomorrow or next week, but is something to keep in mind... A crash could come pretty soon because factors are more than one. 1. History 2. Currency War 3. War as the worst way we know 4. Real Correction 1. History: I already said history tends to repeat itself over and over. In 1928 everyone was very enthusiastic and even taxi drivers and shoeshine boys bought stocks without any preliminary knowledge, except by some conversations with Wall Street's people. Economy was growing to massive pace, but with an overpriced market. Calvin Coolidge as pro-business President, he went for Anti-regulation and TAX CUTS. Sounds familiar?. 2. Currency War: Currently happening. 3. War as the worst way we know: War is absolutely possible if Trump makes a mistake with North Korea, I hope not, but it definitely will hit American economy and with less budget for tax cuts, less money for the government and American society. 4. Real Correction: Real correction is based on the cyclical economy in my case, I support the cyclical adjusted price-earnings ratio, which is coming higher from last 10 years. However, I love America and I hope to be wrong. While your broker is telling you, don't worry actually we are buying more, even me! Well, it's because they are broken if everybody takes their money out. Learn how to beat the market as Professional Trader with an ex-insider! Have a good Trading Week! Cream Live Trading, Best Regards!
DJ:DJIShort
by wildcreamlife
IBM Pullback?In my humble opinion there was a sort of overreaction triggered by short selling yesterday upon IBM's earnings call. Numbers were not great and guidance was lowered. Nevertheless, the blue chip has created a stronger position to capture growth in the IT business related to cloud computing, cybersecurity, and artificial intelligence technologies (15% yoy growth). I predict a short-term movement upwards shortly after the consolidation period or even today. Do not miss the rally to the support/demand zone, which serves as moderate price level for the IBM stock. The average lowest price target by analysts is $152.00. However, there is also a strong possibility of decline if bears attack again. Evaluate a stop loss that take into account a false break out scenario that may likely bust the upward breakout in direction to the support zone. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
NYSE:IBMLong
by JaDeVin
Bear Market Bounce? Descending Triangle Short TargetI think the pattern is more evident here on the Dow Jones, when compared to SPX. The next leg down (when measured from peak to baseline) has us right at "bear market" territory. From the current high (open/close) a close beneath 21293.368 puts us below the 20% threshold, and while we may dip to this area, I'm not so certain we will close a session beneath this spot (not yet, anyways). I see two possible scenarios, the 1st is if the market caves fast and we begin the next leg immediately, the 2nd includes a possible bounce within the descending triangle formation before completion of the pattern. I would like to point out, that if there is a bounce at the 22.5k area which retraces higher than 50% of the immediate fall, that would indicate a possible reversal due to the weakness of the pattern breakout. The latest I see this playing out by is mid-June, though it could happen at any time before then.
DJ:DJIShort
by J-Streak
Dow Jones (*Buyers Beware, Bear are in firm control)Bears are in firm control for now and I am seeing it shall easily go and retest the previous low near 23100 level. For any pull up. 24,770 will hold out as a VERY strong resistant. DO NOT blindly hold overexposed long positions. DYODD and Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
OANDA:US30USD
by SonicDeejay
DOW JONES same storyWhile big investors start to jump out of the train they kick off a bearish move... Why? The answer is harder than you think, but at the same time it has logical decision. Since some months ago I shared with some friends about this risk, but the market just went higher over and over. You know I like to apply maths to my trading, but at the same time history, actually economy is a social science, so as history repeats itself economy do as well. Watch out, I'm not talking about will happen tomorrow or next week, but is something to keep in mind... A crash could come pretty soon, because factors are more than one. 1. History 2. Currency War 3. War as the worst way we know 4. Real Correction 1. History: I already said history tends to repeat itself over and over. In 1928 everyone was very enthusiastic and even taxi drivers and shoeshine boys bought stocks without any preliminary knowledge, except by some conversations with Wall Street's people. Economy was growing to massive pace, but with an overpriced market. Calvin Coolidge as pro-business President, he went for Anti-regulation and TAX CUTS. Sounds familiar?. 2. Currency War: Currently happening. 3. War as the worst way we know: War is absolutely possible if Trump makes a mistake with North Korea, I hope not, but if definitely will hit american economy and with less budget for tax cuts, less money for government and american society. 4. Real Correction: Real correction is based on cyclical economy, in my case I support the cyclical adjusted price earning ratio, which is coming higher from last 10 years. However, I love America and I hope to be wrong. Learn how to beat the market as Professional Trader with an ex insider! Have a good Trading Week! Cream Live Trading, Best Regards!
DJ:DJIShort
by wildcreamlife
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..
DJ:DJIShort
by UnknownUnicorn467863