Dow hat sich direkt am oberen Bollinger festgebissen. Im Posting von gestern http://www.ariva.de/board/196285/thread.m?a= hatte ich auf ein moegliches Szenario von 10320 als maximum nach oben hingewiesen... Noch sind wir nicht durch das obere Bollinger Band durchgebrochen (ich glaub auch nicht daran, wo soll die Power herkommen?) aber es ist wie immer alles moeglich. Ich sehe die heutigen DAX-Kurse am Vormittag eher (wie gestenr) als gute short entries. Short rein sollte heute einfach zu traden sein, aber das ist nur meine meinung... Good trades @ all !
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ConsolidatingDow holds at highs, forms tight consolidation.From prior commentary, "...An upside push through 10,150 will likely make for a steady rise toward the upper boundary of the range at around 10,400. The Dow could form a continuation pattern at the highs before another move is seen..." The Dow traded sideways the entire session today, forming a tight consolidation at the highs of yesterday's upmove, seen in the 15 and 60 Minute Charts. The index lost a mere 8 points, but held steady within a very tight 50 point range, setting up for a likely move tomorrow. The fact that the Dow has formed a consolidation at the highs implies a likely continuation in the medium term. An upside break through the top of the range at 10,130 will likely spark such a move tomorrow. Otherwise, a downside break from the range at 10,080 will likely make for weakness back within the wide trading range. Short Term Dow Short term, the Dow has formed a tight range at the highs of the recent upmove from 10,090 to 10,130, seen in the 5 Minute Chart. Watch for a break from this range for direction at the Open. Medium Term Dow In the medium term, we are still out of the market and will watch 10,150 up, and 10,075 down; using 20 point stops. NASDAQ & S&P The S&P and NASDAQ each pushed sideways the entire session today, forming clear continuation patterns. A break from the ranges will likely make for movement tomorrow. * Summary The Dow ended the day within the boundaries of a very tight consolidation, seen at the highs of the recent upmove. Look for further sideways movement at the highs until a clear and solid break occurs. Such a break will likely lead to a swift move in the direction of the break. Thanks for listening, and Good luck in your trading.. Ed Downs with assistance from.. ** Note: We are now posting Index entries and exits in Real Time, through our new Intraday Index Alerts service. To learn more about the service, visit SignalWatch.com and select Intraday Alerts from the main navigation bar. - SW Team _________________________ |
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