Hots - you wrote
"I was a McLaren subject for 12 months.
WD Gann died bankrupt.
Hots called the DOW top on the 19th July.
But whatever feathers your nest.
Nailing bottoms are alot easier haha."
I remember suggesting the likely DOW top years ago, and found my post and chart to prove it.... not that it really matters that much to me, guess I just have a problem with your attitude............. There are some very clever traders here, including the ones you are bagging. A little respect please mate.......
Subject: re: the dow(weekly chart)
Posted: 09/01/05 15:32 Hotcopper Radio: N/A
Posted By: commy Views: 43
Post #: 92489 (In Reply to msg #92488 from commy) Sentiment: None
IP: 210.84.xxx.xxx Voluntary Disclosure: No Stock Held
Howdy Amory
Well the DOW is possibly showing signs of embarking on a leg up from here.... in stark contrast to my comments last time on the DOW. I thought the down channel would keep a lid on the index - but it broke through (will concede that it is not convincing on the daily chart yet)
I have included a weekly chart of the DOW and have spotted what could be the beginnings of a reverse head and shoulder pattern. If this pattern completes as the theory states then we could eventually see 14000 on the DOW??. (is a big call I know but....I noted that a previous reverse head and shoulder pattern occured in 1998 and the index proceeded to hit the projected target- and then even went slightly higher)
The weekly MACD is still bullish, the other indicators are more difficult to assess on a weekly basis I find.
There is of course many resistance points along the way (previous highs) but as always time will tell...
Cheers
Commy
- Forums
- ASX - General
- ASX
- predictions for the market
predictions for the market, page-19
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ASX (ASX) to my watchlist
(20min delay)
|
|||||
Last
$65.36 |
Change
-0.020(0.03%) |
Mkt cap ! $12.75B |
Open | High | Low | Value | Volume |
$64.86 | $65.79 | $64.73 | $7.479M | 114.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 156 | $65.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$65.39 | 39 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 183 | 65.380 |
3 | 47 | 65.360 |
9 | 149 | 65.350 |
4 | 119 | 65.340 |
5 | 134 | 65.330 |
Price($) | Vol. | No. |
---|---|---|
65.420 | 150 | 3 |
65.430 | 71 | 7 |
65.440 | 98 | 7 |
65.450 | 171 | 7 |
65.460 | 615 | 6 |
Last trade - 13.59pm 08/10/2024 (20 minute delay) ? |
Featured News
ASX (ASX) Chart |