Xmas Rally Has Finished.
- Thread starter GrandSupercycle
- Start date
Well done, BWOL. Keep trading that SIM account. One day you'll grow up and start playing with real money.
And I am not seeing lower highs on the DOW cfd I am trading. In fact, the one hour chart shows a pattern of higher highs and higher lows. Looks like a bullish trend developing on the DOW.
Quote from bhardy307:
Well done, BWOL. Keep trading that SIM account. One day you'll grow up and start playing with real money.
You can see what we're doing on Covestor. We will probably be on the top 10 in the last three months as we are less than 3% away as of the start of our last trade in SQQQ.
Quote from bhardy307:
Well done, BWOL. Keep trading that SIM account. One day you'll grow up and start playing with real money.
And I am not seeing lower highs on the DOW cfd I am trading. In fact, the one hour chart shows a pattern of higher highs and higher lows. Looks like a bullish trend developing on the DOW.
I don't trade diamonds, nor do I care.
DOW30 is a price weighted index that overestimates performance. NASDAQ100 is more indicative of the market's direction and so is the S&P 500.
The higher highs in YM are still lower highs by the way.
Last lower high on DIA was 122.58, the next lower is 121.85. This indicates a down trend, and it's up to you whether you want to keep your longs because that is not the correct direction or how to read a chart.
So what? This has been going on now since Nov. 28, continuing from a bottom hit early October.
... and while typing to you I missed my next entry. Damn it!
Quote from bhardy307:
So what? This has been going on now since Nov. 28, continuing from a bottom hit late October.
... and while typing to you I missed my next entry. Damn it!
Well, speak of the Devil, we haven't crossed 121.85, and even if we do it would have to rise to 122.58, but anywhere below 121.85 is a lower high, and this is probably the high of the day for the Dow.
I really hate that my 16807 hasn't sold yet, while my 2401 already identified the lower high forming prior to more lower lows.
The DOW hit a high of 231 early this morning.
Depends on the time frame. Looking forward 2 years into the future, you may be right. Looking towards the end of the week? I think there is likely a bullish bias because of the desperate effort right now to make Europe look salvagable.