Dow Jones on 13 October

Dow Jones Index broke the downtrend line but is the testing the resistance at 11553. Breaking this will show another bullish trend upward




Observation
1) Trendline - Uptrend- (Bullish)
2) Formed lhigher high  - (Bullish)
3) MACD -Broke above 0 (Bullish)
4) RSI -  Retracing from 70% (Bearish) -
5) Sto - Forming Bearish Crossover which show some slight bearish in progress (Undetermined)
6) ADX - low momentum and Bearish( Bearish)
7) Candle Stick -Inverted hammer after shooting star (Bullish)
8) VIX - Going up ( Bullish ), VIX broke the uptrend and going down and many indicators which showing that it will go down more which provide a positive impact on the USA index


 

2Points

     5 Points

Winner BULL

Hopefully Europe Positive Trend and Google and Tech Sector will continues to push up the USA index.Entry Price 11560

Resistance at 11706 and 11884

Support a 11015,10931 and 10690

http://edwinextremebullrun.blogspot.com/search/label/FORUM

Dow Jones on 10 October

Everybody must be wonder why Dow Jones will turn red after a nice week of rally and many thinking it is a start of a bull run. Basically there is yet no sign of actual bull run yet..

Observation
1) Trendline - downtrend- (Bearish)
2) Formed lower low  - (Bearish)
3) MACD -Bullish Crossover (Bullish)
4) RSI -  above 30% (Bullish) -
5) Sto - Formed Bullish Crossover and broke above 50% (Bullish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick -Dark Cloud (Bearish)
8) Global Factor -Europe Fear ( Bearish)
9) VIX - Going up ( Bearish), There might be a rebound in the VIX and which is a reverse proportional with Dow Jones.


 

6Points

      3 Points

Winner Bear ( Throw down wrestling style)

Greece Factor again!!

Winner BULL

WIth good news, let hope Dow Jones will take this opportunity to break the previous high to form higher high to show a strong bull trend

Entry Price 11560

Resistance at 11706 and 11884

Support a 11015,10931 and 10690

http://edwinextremebullrun.blogspot.com/search/label/FORUM

Dow Jones on 4 October

Observation
1) Trendline - downtrend- (Bearish)
2) Formed lower low  - (Bearish)
3) MACD -Bullish Crossover (Bullish)
4) RSI - Broke above 30% (Bullish) -
5) Sto - Formed Bullish Crossover and broke above 20% (Bullish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick -Dark Cloud (Bearish)
8) Global Factor - German Support Yes for Greece Bailout ( Bullish)
9) USA GDP - 1.3% meet expectation ( Bullish)

4Points

      5 Points

Winner Bear ( Throw down wrestling style)

Greece Factor again!!

Winner BULL

WIth good news, let hope Dow Jones will take this opportunity to break the previous high to form higher high to show a strong bull trend

Entry Price 11560

Resistance at 11706 and 11884

Support a 11015,10931 and 10690

http://edwinextremebullrun.blogspot.com/search/label/FORUM

Dow Jones on 29 September

Today Dow Jones will have 2 main highlights
1) German Parliament Vote for Greece Bailout  == Passed !!
2) GDP for USA, if above 1.2 up up = It is 1.3% Passed !!

With this today Dow Jones might shoot up again

Observation
1) Trendline - downtrend- (Bearish)
2) Formed lower low  - (Bearish)
3) MACD -Bullish Crossover (Bullish)
4) RSI - Broke above 30% (Bullish) -
5) Sto - Formed Bullish Crossover and broke above 20% (Bullish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick -Dark Cloud (Bearish)
8) Global Factor - German Support Yes for Greece Bailout ( Bullish)
9) USA GDP - 1.3% meet expectation ( Bullish)

4Points

      5 Points

Conclusion

Winner BULL

WIth good news, let hope Dow Jones will take this opportunity to break the previous high to form higher high to show a strong bull trend

Entry Price 11560

Resistance at 11706 and 11884

Support a 11015

 Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

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Dow Jones on 28 September

Observation
1) Trendline - downtrend- (Bearish)
2) Formed lower low  - (Bearish)
3) MACD -Below 0 but 4R1G (Bullish)
4) RSI -  rebound from 50% (Bearish) -
5) Sto - Formed Bullish Crossover and heading toward 20% (Bullish)
6) ADX - high momentum and Bearish( Bearish) but the red and blue are getting closer
7) Candle Stick -Inverted Hammer (Undetermined) if today candle is good it will show a good continuation process

4Points

      3 Points

Winner Bear ( Throw down wrestling style)

 

Still need to be cautious in trading because the fluctuation of the signal shows that still is some uncertainty whether it is a starting of a bull or a Bear wearing a Bull Costume.

 Entry Price 11560

Resistance at 11706 and 11884

Support a 11015

 

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Dow Jones Head n Shoulder Bearish Detected

Dow Jones Chart is showing signs of Panic Selling and if not mistaken there is a Head And shoulder Pattern detected and possible breaking below 10000 support level

 


 Observation
1) Trendline -Downtrend- (Bearish)
2) Formed lower high- (Bearish)
3) MACD -4G1R(Bearish)
4) RSI - Broke below 50% (Bearish) -
5) Sto - Formed Bullish Crossover and heading towards  20% (Bearish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick - Long Black Candle after a hanging man and shooting star (Bearish)
8) Chart Pattern - This shows a weak short term Head and Shoulder pattern which may lead to go down by another 550 points to 9651. Quite Scary if it break below the Psychological Support line at 10K.

8 Points

      0 Points

 

Conclusion

Winner Bear ( Throw down wrestling style)

It has broken the 10818 Support line ( Head and shoulder pattern line) and potential heading south to 99500. Time to short if break below the next support line at 10576

Resistance at 11895 and 12205

Support at 10576, 10365 and 10155

 

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Dow Jones in Red Alert

Look at the market all crashing more than 3%. Is this another repeat of 2008? This will be another chances to earn big money from buying the good stocks at low prices. We thought by forming a higher low 12 September will be a good base ground to move higher the previous high at 11716 but it fail to do so and reverse after hitting the 11595.

 Observation
1) Trendline -Downtrend- (Bearish)
2) Formed lower high- (Bearish)
3) MACD -4G1R(Bearish)
4) RSI - Broke below 50% (Bearish) -
5) Sto - Formed Bullish Crossover and heading towards  50% (Bearish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick - Long Black Candle after a hanging man and shooting star (Bearish)
8) Chart Pattern - This shows a weak short term Head and Shoulder pattern which may lead to go down by another 550 points to 9651. Quite Scary if it break below the Psychological Support line at 10K.

8 Points

      0 Points

 

Conclusion

Winner Bear ( Throw down wrestling style)

With all the bad news from Feds and Europe, Dow jones might be taking a big impact on this

Resistance at 11895 and 12205

Support a 11011 ,10818 ( Watchout this might be the support line for Head and shoulder pattern bearish formation), 10576, 10365.

 

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Is Dow jones finally clear from Bearish?

 Observation
1) Trendline -Sideways- (Bearish)
2) Formed lower low - (Bearish)
3) MACD -4R1G(Bullish)
4) RSI - Heading towards 50% and above (Bullish) -
5) Sto - Formed Bullish Crossover and broke above 50% (Bullish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick - spinning top (Undetermined)

3 Points

      3 Points

 

Conclusion

Winner Bear ( Throw down wrestling style)

Let wait for Dow Jones to formed a higher high first before going for long. The market need a lot of time to heal

Entry Price 11710

Resistance at 11895 and 12205

Support a 11011 and 10818

 

 

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Dow Jones Still in bad Shape or sideway

 After we thought US market will take a breather and head north after a strong downfall last month in August with a small positive indicator of Higher high. Will this able to sustain with a higher low?

 Observation
1) Trendline - Uptrend- (Bullish)
2) Formed Higher high - (Bullish)
3) MACD -4G1R(Bearish)
4) RSI - Heading towards 50% and below (Bearish) -
5) Sto - Formed Bearish Crossover and broke below 80% (Bearish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick - Strong Black after spinning top (Bearish)

5Points

       2Points

 

Conclusion

Winner Bear ( Throw down wrestling style)

Let wait for Dow Jones to formed a higher low first before going for long. The market need a lot of time to heal

Entry Price 11680

Resistance at 11876 and 12205

Support a 11011 and 10818

 

 

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Dow Jones still in downtrend

Even today is positive but have to play safe and dont be happy of a dead cat bounce. It may dive further down.

Observation
1) Trendline - Downtrend- (Bearish)
2) Formed lower low - (Bearish)
3) MACD -4G1R(Bearish)
4) RSI - Heading towards 30% (Bearish) -
5) Sto - Formed Bearish Crossover and broke below 20% (Bearish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick - Inverted Hammer (Bullish)

6Points

       1Points

 

Conclusion

Winner Bear ( Throw down wrestling style)

Let wait for Dow Jones to formed a higher low or higher high first before going for long because it maybe a higher low.

Entry Price 11575

Resistance at 11765 and 11876

Support a 10710 and 10510

 

 

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Dow Jones forming higher high or lower high?

Dont be too happy or sad about Dow Jones because we wont know what will happen next. Is this a dead cat bounce or a discount buy?

It look like the whipsaw is stabilizing but we are still uncertain about it.

Observation
1) Trendline - Downtrend- (Bearish)
2) Formed lower low - (Bearish)
3) MACD - Formed 4R1G (Bullish)
4) RSI - Broke above 30% (Bullish) -
5) Sto - Formed Bullish Crossover and broke above20% (Bullish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick - Hanging Man (Bearish)

4 Points

       3 Points

 

Conclusion

Winner Bear ( Throw down wrestling style)

Let wait for Dow Jones to formed a higher low or higher high first before going for long because it maybe a higher low.

Entry Price 11575

Resistance at 11765 and 11876

Support a 11000, 10710 and 10510

 

 

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

http://edwinextremebullrun.blogspot.com/search/label/FORUM