Indices

[Caseynotes]

14 minutes ago, dmedin said:

Maybe it feels bad to 'pile on' and make profit out of a situation that's causing people a lot of worry and losing a lot of money, what do you think?

i think the market will go up and down no matter what you think.

Edited February 28, 2020 by Caseynotes

[dmedin]

1 minute ago, Caseynotes said:

i think the market will go up and down no matter what you think.

So do I.  BTW did you know that the markets don't like uncertainty?  There's some real insight for you!

[Caseynotes]

Intraday levels Dax and Dow.

M15 charts;

1 minute ago, dmedin said:

So do I.  BTW did you know that the markets don't like uncertainty?  There's some real insight for you!

meds kicking in then.

[Caseynotes]

lol a 90 tick one minute candle 👀

[dmedin]

Buying the dip right now Eileen 🐮🤠

[dmedin]

SELL!

[dmedin]

Buy!

[dmedin]

Is it going to bounce off 20 SMA and go back down

[AndrewS]

My last trade was shorting the Dow there and closing at the first trouble area. I’ve read that about 30% of the volume on the US indices is arbitrage which is why they are so closely correlated. I think the sign that there was a further fall on the cards was when the Nasdaq closed a 5 min candle below its 20 period moving average and the Dow then dropped 169 points on its next 5 min candle.

 

 

[dmedin]

NEXT LEG DOWN ... get ready for the ride!

[dmedin]

7 minutes ago, AndrewS said:

I think the sign that there was a further fall on the cards was when the Nasdaq closed a 5 min candle below its 20 period moving average and the Dow then dropped 169 points on its next 5 min candle.

 

'The'?  I won't go anywhere near a 5 minute chart but I managed to find a signal on the one hour ...

[AndrewS]

40 minutes ago, dmedin said:

'The'?  I won't go anywhere near a 5 minute chart but I managed to find a signal on the one hour ...

The reason I use 5 min charts is because the markets hate uncertainty.

[Kodiak]

Too early to call a bottom but some higher lows 

needs to take out 12 000

Needs to wiggle around and shake out some weak hands (long) and some shorts to squezze out😉

 

 

Edited February 28, 2020 by Kodiak

[dmedin]

A wiggle and a shake and squeeze one out, sounds good

[Caseynotes]

Indices may be bottoming out, Dow finding support at it's old monthly chart support level (purple).

H4 charts;

[Caseynotes]

18 minutes ago, Caseynotes said:

Indices may be bottoming out, Dow finding support at it's old monthly chart support level (purple).

Dow weekly chart (quite spectacular);

[HPbrand]

Everyone has their own view of where the Dow might go from here. My assessment going into March has not changed from yesterday despite testing ~24600 already and recovered to ~25700 after hours.

We are heading for at least Dow 22000 guys. Anyone dare go long from here has to eat some serious humble pie - including myself if I am spectacularly wrong on this one. But I don't think so...

The Jag F Type V8 looks like a nice car....😁😁

Edited February 29, 2020 by HPbrand

[Caseynotes]

20 minutes ago, HPbrand said:

Everyone has their own view of where the Dow might go from here. My assessment going into March has not changed from yesterday despite testing ~24600 already and recovered to ~25700 after hours.

We are heading for at least Dow 22000 guys. Anyone dare go long from here has to eat some serious humble pie - including myself if I am spectacularly wrong on this one. But I don't think so...

The Jag F Type V8 looks like a nice car....😁😁

Reversal trading off direct levels is a bit of a specialist art form, I would always look for some form of PA confirmation that a reversal has taken place and been tested before looking for any entry in the opposite direction, same for tops as for bottoms, no need to be the hero.

[Caseynotes]

Record $128 Billion traded in SPY on Friday.

$414 Billion in ETFs as a whole, 4x the average.

[HPbrand]

2 hours ago, Caseynotes said:

no need to be the hero.

I think you mis-intrepreted my intention or the meaning of what I wrote. 

My only intention is to make money trading. Being a hero or whatever else is irrelevant to me. I don't know anyone from this forum in real life and it's not my intention to offend anyone either.

I wrote about Dow levels as a way to make sure that what I think is absolutely what I believe in. This is all public. I will be the laughing stock, like Mr Nenner, if I'm very wrong.

Going forward, I will leave out the specific levels of indices I think has a greater probability of happening. Banter between individuals in forums should be fun and light hearted.

[Caseynotes]

5 minutes ago, HPbrand said:

I think you mis-intrepreted my intention or the meaning of what I wrote. 

My only intention is to make money trading. Being a hero or whatever else is irrelevant to me. I don't know anyone from this forum in real life and it's not my intention to offend anyone either.

I wrote about Dow levels as a way to make sure that what I think is absolutely what I believe in. This is all public. I will be the laughing stock, like Mr Nenner, if I'm very wrong.

Going forward, I will leave out the specific levels of indices I think has a greater probability of happening. Banter between individuals in forums should be fun and light hearted.

no I wasn't worried about your post at all I was just pointing out that though I post levels and suggest when price is having problems continuing at some point I myself don't actually trade the levels but use them as places of interest to keep an eye on. When there is a reversal it's likely to be confirmed at some point which is where I would begin to look for an entry. You can keep posting specific levels to your hearts content.

[Caseynotes]

also noting the volume data for the week and especially Friday is amazing; 

[dmedin]

John Kicklighter from DailyFX is a sensible fellow, I enjoy his videos.

 

Edited February 29, 2020 by dmedin

[dmedin]

1 minute ago, Caseynotes said:

also noting the volume data for the week and especially Friday is amazing; 

It puts that entire uptrend into perspective, doesn't it?  It costed upwards on negligible volume.  COT showed that large speculators  were never heavily net long either.

[Caseynotes]

1 minute ago, dmedin said:

John Kicklighter from DailyFX is a sensible fellow, I enjoy his videos.

yes he is sound and sensible, I've been following his stuff since about 2012 when dailyfx was tied to FXCM.

 

1 minute ago, dmedin said:

It puts that entire uptrend into perspective, doesn't it?  It costed upwards on negligible volume.  COT showed that large speculators  were never heavily net long either.

yes the big hedge funds started late and were chasing so never got fully loaded, at some point they will be thinking 'crikey, this is cheap'. 

[dmedin]

Or it could keep selling off and make bottom pickers like me give up all of their gains and then some

[dmedin]

 

[dmedin]

Markets are rigged and like casinos.  Oh wait, this guy ain't a Marxist. 

 

[AndrewS]

So all these greedy institutions with trillions and 95% of the activity are really competing among themselves to cheat me personally out of a few dollars…..

I knew it and now TV has proven it!

[Caseynotes]

All the Indices trying to bounce as Beijing gets back to normal.

Designer face masks;

Outbreak comparison Vid;