Australia's largest stock trading and investment forum Australia's #1 stock forum

Day trading pre-market open January 2, page-38

First 38 Last

Share
Profile

Follow
paddington bear

18,224 Posts.

8072

02/01/24

09:24

Post #: 71686981
Share

Originally posted by poyndexter ↑

Hello @paddington bear

I like your charts and commentary.

The way I form a DOW chart, it has just dropped below that long uptrend channel … the same with S&P500 and Nas, but their drops are more pronounced.

It feels like January may be quite choppy early on, so I favour your view of a modest pullback to maybe consolidate at a lower level for for another run … note the series of rising bullish F-Flag formations within the rising channel, with the top one shown as a narrow channel.

Thank you, and of course @highlandlad for his terrific opening posts.

Best wishes to you all for 2024.

Dex

Expand

Originally posted by poyndexter ↑

Hello @paddington bear

I like your charts and commentary.

The way I form a DOW chart, it has just dropped below that long uptrend channel … the same with S&P500 and Nas, but their drops are more pronounced.

It feels like January may be quite choppy early on, so I favour your view of a modest pullback to maybe consolidate at a lower level for for another run … note the series of rising bullish F-Flag formations within the rising channel, with the top one shown as a narrow channel.

Thank you, and of course @highlandlad for his terrific opening posts.

Best wishes to you all for 2024.

Dex

Expand

@poyndexter - very pretty chart. I think the slight difference in our charts is that I allow for holidays but most computer systems don't. But what an interesting situation which ever way we draw things.
4 Upvote

Reply

Top Stories

STK

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

TTT

Titomic jumps +6% as it incorporates Microsoft Hololens tech

AHK

Ark Mines provides strategic update following mining lease submission

LU7

The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour

RCE

Recce progresses testing of gel to treat bacterial skin infections