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  #1  
Old 20th June 2008, 07:58 PM
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Default Dow Jones Industrial Average





- C' Crossover of 50 EMA below200 EMA
- S' Support marked? Will we halt there?
- Trading in Downtrend!
- R'Resistance Downward trend line
- ADX going strong
- MACD supports the move!
- Note the Volume spikes, Selling at highs and buying at lows
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  #2  
Old 20th June 2008, 08:19 PM
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Your chart is very complicated for me.....

Here is mine:

1. Dow Jones Industrial Average has reversed by forming a Head and Shoulders pattern.

This is a clear bearish sign.

2. The index crashed when it broke the neckline.

3. It formed a medium-term bottom just above the 38% retracement level.

For retracements, I am considering the entire rally from March 2003 to October 2007.

4. After forming the medium-term bottom the index rallied to the neckline again.

Such a rally is usually seen when an index/stock crashes sharply from the neckline.

5. The index reversed from the neckline.

6. Today, it has broken the lower trendline (blue line) formed by its January 2008 and March 2008 bottoms.

(The break will be visible after the data is updated tomorrow).

Next support will again be the 38% retracement level, which is around 11500.




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  #3  
Old 23rd June 2008, 09:28 PM
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Alchemist! one interesting observation, DOW JONES peaked out in October 07, as you showed in above chart!, whereas Sensex peaked out in Jan 08!

This must have drawn the Pro - traders cautious on Sensex!

I think we safely assume we will get similar bottom out first in DOW Jones and then in SENSEX!

I recently read a analysis from John J Murphy(Released in Jan newsletter) where he plotted multiple world market graphs (CAX, DOW, FTSE, NASDAQ etc) in one chart and proved that de-coupling talk at that time was all mumbo Jumbo!......
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  #4  
Old 23rd June 2008, 09:51 PM
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Quote:
Originally Posted by man4urheart View Post
Alchemist! one interesting observation, DOW JONES peaked out in October 07, as you showed in above chart!, whereas Sensex peaked out in Jan 08!

This must have drawn the Pro - traders cautious on Sensex!

I think we safely assume we will get similar bottom out first in DOW Jones and then in SENSEX!

I recently read a analysis from John J Murphy(Released in Jan newsletter) where he plotted multiple world market graphs (CAX, DOW, FTSE, NASDAQ etc) in one chart and proved that de-coupling talk at that time was all mumbo Jumbo!......
I am a believer in the decoupling theory, but not the one that discussed on CNBC.

My belief is that both US and India will bottom out, more or less at the same time.

For India, it will be resumption of a new bull phase.

For US, it will be upward correction in a long-term bear market.

India will go on to make a new in 2009, but DJIA won't be able to cross the 2007 high.

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  #5  
Old 26th June 2008, 01:09 PM
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Default

US confirmed the bottom yesterday?
What about us ..?
Have we hit the bottom?
Strong rally in the next 1 week will make it confirmed for the US .
We will still go down from these levels?
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  #6  
Old 26th June 2008, 04:33 PM
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Quote:
Originally Posted by neillolo View Post
US confirmed the bottom yesterday?
What about us ..?
Have we hit the bottom?
Strong rally in the next 1 week will make it confirmed for the US .
We will still go down from these levels?
Why do you feel Dow Jones has hit the bottom?

Today Dow Jones futures as well as European markets are down.
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  #7  
Old 20th August 2008, 01:07 AM
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The Dow Jones Industrial Average has broken down from a "wedge"-like pattern.

The consequences can be bearish.

Be cautious if you are trading on the long side.

Here is the weekly chart.

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  #8  
Old 18th September 2008, 08:11 AM
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The Dow Jones Industrial Average had good support around 10700, but it has been broken.

The next strong support is around 9876 (easy to remember...).

9876-10000 range will act as a good support and markets can be expected to halt their downfall there.... at least temporarily. (See chart in post 2).

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  #9  
Old 23rd November 2008, 06:20 PM
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Default Down Jones multi year bear market!

A Broad view of Dow Jones. Americans are in Bear market for next 15 years! They can look forward to year 2023!

Why? Chart tells the story

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  #10  
Old 26th November 2008, 02:41 PM
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Quote:
Originally Posted by man4urheart View Post
A Broad view of Dow Jones. Americans are in Bear market for next 15 years! They can look forward to year 2023!

Why? Chart tells the story

This post of mine got recommended by Corey from Afraidtotrade

For his post

http://blog.afraidtotrade.com/large-...ones/#comments

I posted
Quote:
Why is Fibonnaci grid not drawn from lows of 1930 to high of 2008 and also a long term trendline?

If you draw long term line from 1930 to low of 1982, you will see the up trendline will give support by 4000! for Dow jones

Check this
http://man4urheart.blogspot.com/2008...term-view.html
Most of you by now already know I also maintain my blog!
-------------------------------------
and got recommended in 17 comment on his page at last

Quote:
Corey Rosenbloom, on November 25th, 2008 at 1:12 pm Said:
Man,

Excellent analysis! You have done an excellent job of capturing the long-term move complete with Fib reactions of the large-scale move, which clearly have more significance than any shorter term Fib grid off daily or weekly charts, or even since 1975!

I recommend everyone to view his post at the link above.
His blog is one of the most viewed blog and I follow his page to keep an eye on American market!

It was acheivement for me to get recommended from guys! who I follow for their views.
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  #11  
Old 6th December 2008, 11:11 AM
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Cool dowjones longer term picture

in djia on upper side 9653---10k is major resistance in coming days on down side djia 'll test new lows ,,,,as seen in 5th wave of major c 'll b completed which 'll give tgt lower den 7770..in coming days 7120-7300 is good support and is likely to hold otherwise 5780-5450 'll b tgt (retracement of 1932-2007).

=========================

i posted dis in other forums before djia tested 7.5k sry fr being late here too




========
disclosure: dis chart was not drawn by me but was taken from net but explanation is all mine.
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  #12  
Old 3rd March 2009, 09:11 AM
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- Important development in Dow Jones.
- It has broken its earlier support, as we are reading in newspaper that it has formed a new low last seen some 10 years ago etc etc...
- Above is picture where you can see @ 7422 the year 1996 as wells as 2002 lows broken on monthly chart.
- Note the next support, 4062....isn't that scary!
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  #13  
Old 26th April 2009, 01:43 PM
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Looks like DJIA is forming a rounding top and price will smooth back to where it started.

Smart money is slowly moving out!

MACD is also giving divergence!

Lets see how it unfolds in coming days!
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  #14  
Old 23rd June 2009, 09:38 AM
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Dow Jones Industrial Average failed to cross 200 EMA...

Note: I am using slightly different EMA's for US markets.....21 and 34 and not 21 and 50 as in case of Indian markets.

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  #15  
Old 16th July 2009, 09:36 AM
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This is what happened in last few sessions in the US markets:

First the DJIA (Dow Jones Industrial Average) struggled a lot at the 200 EMA - red ribbon.

Then it formed a "right shoulder" and broke down from the neckline - blue line.

Traders took it as a head and shoulder top.

After staying below the line for 3 days, the DJIA suddenly jumped back above it.

The people who had gone short at the break of the neckline were caught by surprise.

Now 8700-8775 is the acid test for the DJIA.

If the DJIA can cross that level, it will be a major victory for the bulls.

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  #16  
Old 17th July 2009, 05:54 PM
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DJIA almost touched 200 EMA yesterday.

The 200 EMA is around 8765 and is a crucial level to watch.

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  #17  
Old 23rd July 2009, 09:23 PM
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Default Dow Above 9000

Dow rallies above 9,000 is it good???Nasdaq straight 12th day positive tick... Will there be a sharp fall???
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  #18  
Old 24th July 2009, 09:28 AM
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Quote:
Originally Posted by jacky View Post
Dow rallies above 9,000 is it good???Nasdaq straight 12th day positive tick... Will there be a sharp fall???
there may be a correction, but as of now the charts look really good...

the charts say it all....

(note the blue trendline).



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  #19  
Old 23rd December 2009, 05:43 AM
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It is stuck in a range and all set for a big move!
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  #20  
Old 23rd December 2009, 02:00 PM
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Quote:
Originally Posted by man4urheart View Post

It is stuck in a range and all set for a big move!
Million Dollar Question - Big move up or down

Last edited by Atiker : 23rd December 2009 at 02:08 PM. Reason: Removed the image
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  #21  
Old 23rd December 2009, 04:13 PM
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Well expectation is down but then markets do their own things...we will follow breakout than prediction!

It is interesting though, it is been almost 2 months now in that range!
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  #22  
Old 23rd December 2009, 11:53 PM
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Or it could be a "false" break out above S&P 1120 resistance and then rollover in US Q1-2010.

Quote:
Originally Posted by man4urheart View Post
Well expectation is down but then markets do their own things...we will follow breakout than prediction!

It is interesting though, it is been almost 2 months now in that range!
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  #23  
Old 11th April 2010, 09:13 PM
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Here is my count of Dow Jones and should be followed by another ABC wave. We are in Wave A.

61.8% sits at 11288. Could be a FLAT in making in coming 2-3 months.

If you cannot count something 1-2-3-4-5 it is a corrective. So I would never label this rise since march 2009 as a impulse.

Subwaves of this rise are also not in 5 sequence and rule of alternation is also not in play for rise. So Dow in Corrective sequence.
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  #24  
Old 11th April 2010, 09:19 PM
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Here is a chart to notice play between 50 EMA vs 89 EMA.

You will notice Orange Arrow a buy signal in Jun 2009.

Till now 50 EMA never has tested 89 EMA. This would be a reliable signal when it comes of trend becoming weak.

Rest all is just mirage in this market. Anybody long on DOW watching this crossover would be the one laughing to bank.

Quote:
Or it could be a "false" break out above S&P 1120 resistance and then rollover in US Q1-2010.
Also interesting is the False signal from the breakout. Then it went down and again it reversed. Killing stops both ways!

The 50 Vs 89 is the only EMA combination holding up!

Last edited by man4urheart : 11th April 2010 at 09:23 PM.
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