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Dow
Mar 26, 2006 23:51:18 GMT -5
Post by David on Mar 26, 2006 23:51:18 GMT -5
DJIA (DIA) Mkt Update -The Dow traded below 10950 and then mounted a rather impressive rally as envisioned. Now the hourly charts are hitting the overbought ranges and we expect some sort of technical pull back. 3/16/06 David - Trend is up, but on this one year chart there are 6 Up TL, even more depending how far you want to go back. So the need for a pullback is clear - the question is when and how much. upper most TL already Violated on thur. All of the update readers know how tricky this market is, but Sol has been clutch with the last couple Dow calls so I will be playing this according to the instructions in the 3/21 Update. This is a chart of DIA but I will be trading mini-dow contract (YM)
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Dow
Apr 2, 2006 21:52:32 GMT -5
Post by David on Apr 2, 2006 21:52:32 GMT -5
Mkt Update - The ideal scenario would be for the Dow to pull back at least 300 points and then trade sideways for a day or two before mounting another rally. However there is a slight chance it could shed up to 600 points on the next pull back. 3/28/06 David - No official Mkt Update play as of yet. Significant divergence (yellow lines)
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Dow
Apr 16, 2006 16:53:39 GMT -5
Post by David on Apr 16, 2006 16:53:39 GMT -5
Mkt Update - Its time to be patient and wait for a nice sharp pull back before initiating any new longs. Too many people are getting bullish and our smart money indicator has flashed a negative divergence signal on the hourly charts. 4/4/06
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