Dow support

[mayday]

I believe the dow appears to be headed for a test of intermediate support 11250 if it breaks this support could signal a secondary correction. Mayday

 

[mayday]

Todays high signaled another upswing. Can we expect a test of the all-time high of 11650?

 

[mayday]

Dow at 11543.32 to start 11650.00 all time high can she make it?

 

[Birchtree]

The Dow all-time high is 11,722.98 achiedved in Jan'00. We have been building a base for the last 2.5 years to blow through this overhead resistance. Look for Dow 12,600 by the end of the year.

 

[mayday]

Sorry Birchtree since the fall in May. My hindsight didn't go back 6 Years. Thankx for setting me straight. Mayday

 

[mayday]

Re: Dow support S&P 500

The S&P 500 respected resistance at the May high of 1325 We are at 1314.78 we may test this resistance again today. Support with-in the channel 1260

 

[Birchtree]

You'll have to rethink this one now - suggest you stay on your toes. Someone mentioned to me that I should not have told you the Dow would end the year above 12,600 - but gosh I have to stand by my noise. Simply stated a thousand points in the realm of all things considered is very doable. Especially if we are in the early stages of a new 4 year cycle first quadrant. Now the more people who are nonbelievers the better the ride will be off the pad. Snort.

 

[mayday]

We are looking at an upper channel of the S&P 500 at 1360 support at 1275 we are currently at 1336.34 The dow upper channel looks to be 11700 support in this channel 11530 currently at 11669.39 Both the dow and S&P 500 are in the upper regions of their respective channels. Mayday

 

[Birchtree]

And do you think arbitrary channel lines will contain the bull - think again. You'll soon see what a breakout looks like - straight up baby.

 

[mayday]

I'm all for it Birchtree but let me play with my charts anyway. At least it keeps me looking. Hows Christmas in October sound?

 

[mayday]

The Dow broke through resistance to form a new all- time high at 11850 a strong bull signal. A retracement that respects the new support level 11750 would confime the breakout.

 

[Birchtree]

What are we 750 points away from 12,600 - maybe I should be more generous and raise my target. Nah, I'm not going to push my luck, I learned as a young man that prudence is the better part of valor. But I'll be there waiting and doing the somba.

 

[mayday]

The dow signaled short term resistance Tursday and Friday currently 11850.21 retracing to 11750 would confirm the breakout reversal below 11650 would warn of a bull trap.

 

[mayday]

The Dow overcame 12000 at the begining of the week but now seems to be headed towards that new support level. If the dow respects 12000 it will encourage the BULL. A fall below 12000 will be a sign of weakness in the trend. The momentum is up.

 

[mayday]

Sellers have outpaced buyers this week a recovery to 12100 will say that this retracement has ended, but if it falls below 11950 it would signal a test of major support at 11650. As robo puts it so very well {The trend is up until it's not.}

 

[mayday]

The dow encountered resistance at 12175 last Wed. @ Thur. The same as the high Oct.27th A fall below 12000 would signal a test of primary support 11650 A close above 12175 would indicate that Birchtree's target of 12600 is attainable if the bulls run to Christmas.

 

[airlift]

I use the 20 day EMA, and Bollinger Bands (20,-2.0). Both settings show that the past three or four times the Dow and the SP500 found support at the 20-day moving average. So far the charts indicate that we could again see the 20 EMA serve as support. --

The dow encountered resistance at 12175 last Wed. @ Thur. The same as the high Oct.27th A fall below 12000 would signal a test of primary support 11650 A close above 12175 would indicate that Birchtree's target of 12600 is attainable if the bulls run to Christmas.

 

[mayday]

http://finance.yahoo.com/charts#chart15:symbol=^dji;range=1m;indicator=bollinger+sma(5,3)+volume+macd;charttype=candlestick;crosshair=on;logscale=off;source I do'nt know if I did this right.

 

[mayday]

I tried to make a link and blew it. How about some pointers?

 

[airlift]

I really wish that I could be of more help to you, but I am having trouble with a new notebook I bought and don't even have a mouse because it came damaged! I also am a student of TA and need help myself. I am sure others here will read your post and clarify your concerns. Good Luck to you! --

http://finance.yahoo.com/charts#chart15:symbol=^dji;range=1m;indicator=bollinger+sma(5,3)+volume+macd;charttype=candlestick;crosshair=on;logscale=off;source I do'nt know if I did this right.