Dow "Possible 3x Top"... potentially a big deal

Scataphagos

Scataphagos

Dow3x.PNG


Any significant advance in the makets will take out this "triple top" formation.

Any significant decline will take out the December low.

All else between is just noise, but large enough range to be traded for the astute.

Major error to hold/add on the wrong side of these important levels.

FWIW....
 
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looks like a large range is likely since you have one large down and up......I think it will break the high and then test the low, typical range behavior.....

that also figures after such a big rise from 14000.....time to shift from Dow to some Asian stock markets
 
padutrader said:
looks like a large range is likely since you have one large down and up......I think it will break the high and then test the low, typical range behavior.....
More...

If only. That would be a Bonanza for traders... so it probably won't happen. :)
 
Scataphagos said:
If only. That would be a Bonanza for traders... so it probably won't happen. :)
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there is pattern just blow the high that suggest a spike up and then down ….

it is always a traders market …..according to one study markets do nothing 66% of the time
 
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I am adding only to bonds and my tiny emerging market holdings. I'm preparing my body for DOW 18k which is probably where it should be by 2021. I've been beating the recession drum since DOW first broke 25k, and then even louder when the fed welched on raising rates to stop the market from running afterburners. Now, China is blocking us on minerals and the trade war looks like it could turn into a Cold War. Not great for anyone.

This one is going to hurt once the PPT stops propping the market up.
 
gaussian said:
I am adding only to bonds and my tiny emerging market holdings. I'm preparing my body for DOW 18k which is probably where it should be by 2021. I've been beating the recession drum since DOW first broke 25k, and then even louder when the fed welched on raising rates to stop the market from running afterburners. Now, China is blocking us on minerals and the trade war looks like it could turn into a Cold War. Not great for anyone.

This one is going to hurt once the PPT stops propping the market up.
More...

My models are saying SPY will hit 2000. By models I mean my finger up my ass.
 
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