Trading with Dow theory

[murray t turtle]

This trade shows how the DowHow signal works

That looks about right;
not a buy or sell tip .Even though DOW purists may scream[LOL] instead of using transports to confirm, some use SPY or QQQ. Besides if i did buy -would rather buy SPY ... than transports LOL.Besides IBD [investors business daily newspaper]seldom prints a transport chart, they print S& P 500 + DOW, NasdaQ ,every day..........................................................

 

[Markus Gabel]

That looks about right;
not a buy or sell tip .Even though DOW purists may scream[LOL] instead of using transports to confirm, some use SPY or QQQ. Besides if i did buy -would rather buy SPY ... than transports LOL.Besides IBD [investors business daily newspaper]seldom prints a transport chart, they print S& P 500 + DOW, NasdaQ ,every day..........................................................

very interesting, thanks for your statement

 

[Markus Gabel]

CHF.JPY – Were achieved the bottom?


Weekly chart:

The big picture created a new top at JPY 139.118 and is in a correction since then. The price is nearby at the upper range of the green correction zone and if occur some reversal signals there, we can think about a new long trade. But this trend size is more for investors.

Daily chart:

If you want to trade in the daily chart you have a very good chance for a short trade. As we can see the small trend shows us a downtrend with a correction zone between JPY 110.79 and JPY 112.57 on the upper side. The current price is very near at the last point three (JPY 112.57) and as long as the price remains in the red zone, the trend has the possibility to continue. Should we get a close above the point three, the chance is over then.

Hourly chart:

In this trend size we see a little unhinged situation. The medium size shows a young downtrend and the price is deep into the red correction zone. Included in this trend we see an uptrend, which has only corrective character. Situations like these are very dangerous because we cannot know which trend size will be stronger. In this case we have to wait for a more clear situation.

I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

kind regards

Markus Gabel

 

[Markus Gabel]

An analysis of SP500 with Dow theory

 

[murray t turtle]

An analysis of SP500 with Dow theory

Mark G; something that surprized me on Powershares QQQ. They never busted thru their old $120 HI, 1999 or 2000/+. SPY + DIA..... Up=trended nicely thru 1999, 2000/+ HI.

QQQ did lead on the downside, went below $20;LOL I just noticed on a chart the low is above $20, but that [QQQ]chart, is in error, i remember for sure it slammed nicely thru $20.

 

[Markus Gabel]

#DAX – #DowHow prognosis for 26.05.2016




Daily chart: The Dax is further strong like the US markets as well. The 20 SMA has been clearly overcoming too. Therefore the probability has been increasing that the upper green gap will be closed first. Nevertheless you have to note that the market shows two trends to us. The upper red trend which is the main trend and the smaller up trend. It is very exciting which trend will be more strong finally.

Hourly chart: The medium trend kept short further wether we are finally in the correction zone. The way into this zone the Dax went it by the blue smaller trend (the same situation like the daily chart). This one is slightly mature nevertheless you have to be careful about long positions. Maybe we will get a correction soon.

Intraday: The medium trend kept intact on yesterday’s holiday but is already mature too. As long as the green correction zone does not undercut, the trend will be active and is able to continue each time. However it is necessary to be careful.

I wish you a lot of success.

warm regards

Markus Gabel

 

[Markus Gabel]

#DAX – #DowHow prognosis for 31-05-2016




Daily chart: The Dax coped the weekly opening very strong even without the US stocks. The 20 SMA has been clearly overcoming too. Therefore the probability has been increasing that the upper green gap will be closed first. Nevertheless you have to note that the market shows two trends to us. The upper red trend which is the main trend and the smaller up trend. It is very exciting which trend will be more strong finally.

Hourly chart: The medium trend kept short further wether the point three has been touching but without a close. Therefore this trend keeps valid. Currently it seems as would be the bounce very strong. The excitement is going on which trend size will be stronger. With a close stop below the red zone you can speculate on a trend continuation of this upper trend.

Intraday: The strong rebound of the hourly chart leads to a trend break in the medium trend. Therefore we are trendless and have to wait for a new trend. The small trend size already indicates a valid trend and a return into the correction zone can be used for an entry.


I wish you a lot of success.

warm regards

Markus Gabel

 

[Markus Gabel]

Deutsche Bank (DBK.DE):

As can be seen in the chart, the Deutsche Bank value is running very strongly downwards, illustrated by the trend channel. Using trend recognition, two relevant trends can be spotted. On the one hand, we have the superior, red downtrend, which ran back up to the upper edge of the red correction zone after its last low at €13.68, only to then herald the next downward movement. However, this was broken off at approx. €14, and since then, the price has been in the recovery phase once again. This phase is leading the price through an upward-facing smaller trend, which is, however, to be viewed as corrective. This trend, in turn, has also matured by now, meaning that the next larger upward movement is possibly only a question of time.

Highpower International (HPJ):

This Nasdaq value has just come from a brutal fall, and is now ranging in the area of $1.80. The red upward trend visible in the chart has put its fifth correction behind it and is now on the point of reaching the last point two at $1.65. The price is currently fighting the 20 SMA, and if this battle is lost, a trend continuation and the deep fall below the one dollar mark threaten.

Central Valley Community Bancorp (DSWL):

This Nasdaq value has recently been showing great strength, and is definitely in a position to continue the trend. The current correction zone of the upward trend runs between $13.90 and $13.01 on the lower side. The daily candle from Friday can be deemed a classic reversal bar and could serve as an entry for a trend continuation.

Deswell industries (DSWL):

A highly interesting trading chance is available in the Deswell Industries value. As you can see in the chart, a new, young upwards trend has established itself. After the last high at $1.75, the price is in the correction, but until now it has been unable to reach the green correction zone. Visible to all, however, a bullish wedge has formed, which could be dispelled upwards at any time. This applies all the more if the markets continue to show strength.

I hope you will remain favorably disposed towards me and always remember: the journey is the reward!



All the best

Markus Gabel

 

[Zestilio]

It is dublicable, but not copyable. Without due respect and adjusting the highest win-rate strategy can crush your account in a blink of an eye.

 

[Markus Gabel]

#DAX – #DowHow prognosis for 27-06-2016




Daily chart: Based on the Brexit decision we saw a “Black Friday” at the end of the last week. The German leading index opened the trading day with a gap of round about 1000 points. As I mentioned at the last days or weeks ago the downtrend is the current leading trend and this tremendous gap occurred in direction of this downtrend. As we can see at the daily candle, unfortunately it didn´t come to a reversal day because we can see great shadows on the upper and lower side of the candle. In this case it will be not sure in which direction the Dax wants to go. If we are concentrating on the Dow Theory we can see that the higher probabilities are on the lower side. Dow mentioned that a trend continuation is more likely than a trend break. In our case the trend is not too much mature so we can expect the next move down to the lower side. The next target lies at the last point two at 8690 points. But always keep in your mind, it is only a game of probabilities. As you can see in the chart we have one great reason for hope because the big trend is facing upwards and everything what we currently can see in the markets has only corrective character. But this in only my own opinion.

Hourly chart: The huge gap from last Friday destroyed every efforts on the upper side and now we can see an ugly downtrend. Why ugly? The gap leads the trend more than far in the movement wherefore our correction box is so far away. The current correction is “hanging in the air” and situations like these are not really healthy for the market. It is very likely that we will see in the next hours a new move downwards but without a trend continuation. If this happens then we will see divergences in the markets and following a great correction. It may alternatively be possible that we can see a facing upwards trend but a trend such like this has only corrective character.

Intraday: By reason of the gap from last Friday we see in the 5M chart a similar situation than in the hourly chart. The valid correction box is very far away and the next down move is able to start each time. So my suggestion to you: Be careful with long trades or much better: stay on the side line.

I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

warm regards

Markus Gabel