und jetzt nur schnell im internetcafe... bin froh wenn meine flatrate kommt. irland ist in der hinsicht hinterland... wenn es um den privatkunden geht. na da lagen unsere riecher aber goldrichtig. wunderbar.so sah das dann aus... mini uptrend haben nur angefangen, mal sehen...Updated 7/18 for Monday's market. Key DOW Levels for 7/21UPCurrent TrendDNBelow 9,050RallyDow breaks through 9,100, rallies 137 points. From prior commentary, "...The Dow is now at a crossroads and is likely to decide which way it will move in the next session...an upside break through 9,100 will likely push the Dow back up within the wide trading range that has formed in the Daily Chart..." The Dow reversed off the major lower trend line today and rallied solidly higher on the session, racking up 137 points on the day. The index broke above 9,100 and rallied toward the upper boundary of the large triangle consolidation that has formed in the Daily Chart. As we have mentioned before, we will likely see continued trading range activity within the range boundaries until a clear and decisive break from it occurs. An upside break from the consolidation at 9,250 will likely spark another major move higher within the long term uptrend, while a downside break from the consolidation at 9,050 will likely instigate a rather large retracement. Short Term Dow Short term, the Dow has formed a tight consolidation at the highs of the 1 Minute Chart from 9,165 to 9,188. An upside break from the range is implied for Monday's Open, but watch either boundary for direction. Medium Term Dow In the medium term, we entered the market Long this morning at 9,115 and are still in the position with a current profit of 65 points. We will move our stops up to 9,150 to lock in some of the profit. We will also look to tighten our stops up to 9,225 if the Dow reaches the 9,250 level. Medium term Shorts should wait for a downside crossing of 9,050; with 10 point stops. NASDAQ & S&P The NASDAQ trended slowly higher today, while the S&P rallied rather sharply. The S&P continues to trade within the wide trading range boundaries, which we will continue to watch. The NASDAQ still looks poised to reach the lower boundary of the wide channel. * Summary The Dow pushed higher off the key lower trend line of the major uptrend today, and rallied sharply higher throughout the session. Look for a continuation pattern to form to indicate further upside movement toward the upper boundary of the wide trading range. We are now Long from 9,115, with stops at 9,150. Thanks for listening, and Good luck in your trading.. Ed Downsedowns@nirvsys.com with assistance from..Frank Ochoa, Market Analystfochoa@nirvsys.com ** 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 _________________________ Rules and DefinitionsDow 15 Minute ChartDow 60 Minute ChartDow Daily ChartDow Weekly ChartLegendbis montag!MfG, ZiZo
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