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DIA Market Top by Joab
- Thread starter Joab
- Start date
that's what TraderGuide says, it is public knowledge, but what is your analysis?Quote from asragov:
For what it's worth, TradeGuider shows DIA (on a daily time frame) still in an uptrend with more steam left in it.
The bearish volume indicators on the 18th and the 23rd could be negative foreshadowing, but, for now, TradeGuider says that the trend has not yet changed.
volatility is just off an all-time low. its not volatile, its a bull mkt. Dummy.
Quote from rhymeswithorang:
volatility is just off an all-time low. its not volatile, its a bull mkt. Dummy.
I think you dropped this by accident ....
<IMG SRC=http://greekboston.com/shopping/images/alexa_greek_speaking_doll.jpg>
http://greekboston.com/shopping/images/alexa_greek_speaking_doll.jpg
and then what happened?
Quote from Tums:
that's what TraderGuide says, it is public knowledge, but what is your analysis?
This is also consistent with Elliott Wave analysis, which I agree with.
It seems like the movement now is part of a Wave 3 from about 2 months ago.
The market should retrace a little from these levels, then make new highs on less volume.
In other words, those calling the big top and end of the ride are, IMHO, a bit early.