DIA trade ideas
Bearish Deep Crab and Hurst 54 Month Cycle peak due 1/2017Bearish Deep Crab and Hurst 54 Month Cycle peak due 1/2017
Few reasons that make think that this rally is overYes... Trump's rally drove the Dow to 20,000!
What now?
Here are few technical reasons (or patterns of you wish) that make me think that we may just hit the top:
DIA reached 200$ - Huge psychological level
AB=CD pattern completion (with the Fib confluence zone - 1.618 and 2.61)
DIA is testing previous uptrend line (now resistance)
RSI deep in the overbought territory
Profit taking before the holidays?
What do you think?
Follow me and do not miss my updates during 2017.
Happy holidays!
Dia M30 Watch S and RS= 19825
R=19890 monitor STo and Macd Red closely for down continuation, watch SL for up breakout
do not rush the short , wait for confirmation
(DOW) Forming A High Probable TriangleDOW has been in sideways consolidation mode since making a swing high of 18363 during May 2015.
From an Elliot Wave perspective, the consolidation appears in a form of a Contracting Triangle .
Subways of a Triangle appear in the 3-waves as depicted in the a-b-c labels.
Wave c of D appears to be completed and is now forming Wave a of E.
When Wave E completes its a-b-c 3-wave structure, we can expect a very sizable upside exceeding 18363 to all time highs.
More updates to come as the sub wave progresses..
Dia M30 Watch break hold below Ema 89 Dia leadsMdy also chop below Ema89 2 days ago , now wait for all 4 indexes to roll down with Iwm leading = confirm downside
DIA For Red Fridayhighly leveraged industrial sectors are starting to drag. 195.5-196.6 lead me to believe support can first be found there, then 192.
Quiet Periods & Earnings Release Zones for DIA Dow Jones InduUsing the DJIA exchange traded portfolio $DIA, I am graphing the generalized 2-week quiet period in BRIGHT GREEN and the bulk majority of the earnings release dates in BRIGHT YELLOW so you can see when the market is discounting important, new information and when it has NO INFORMATION about new fundamentals.
If I could grab all institutional upgrades and graph them in a meaningful way I would. But for now, this gives you a much more LOGICAL VIEW of the DJIA Index as it relates to important time windows.
The quiet period is 2-weeks for each company, so the "quiet period" as graphed is not entirely perfect by any means, but it is instructional that you have to be able to understand what is going on in the market and this is a nice way to "see" more information.
Cheers,
Tim West
2AM EST, Oct 25, 2016
DIA - DailyJust realized I never posted this one. I had these annotations on since mid-summer. Should have taken a trade here...
But I'm agnostic at the moment, so take it for what its worth.
DOW highs close to in?100% ext from 2009 low
38% ext from the break of the triangle
are we getting close to a high here?
