Dow Jones

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Couple of hundred points on the upside and a few thousand on the downside.

All the best to the Bulls!

What we need is new highs on the Dow Jones and then we should see a bullish sentiment in the US markets and then a crash from 13000~ to 10000~

Dow Jones

I mentioned in my earlier posts that one can looking at shorting the Dow Jones Index @ 12500 - SL above 12600.

I think we've reached that point where I expect the index to give way next week.

You should hear some news from Europe as well - after it falls :)

Targets 10500 - 10000

DOW JONES / INDU

Two possibilities

1 This is a inverted Head n Shoulders pattern which can head to 12900 / 13000

2. Or a Triangle in the making.

A decisive break above the 12200+ range would confirm a inverted head and shoulders and it may head to 13 K.

However the markets got to get back down to 10500 once it gets there.

DOW JONES / INDU

NSE has started contracts for Dow Jones and the S&P 500. I will be covering both of these going forward and I think this could lead to additional opportunities

As far as the DOW is concerned the Lot size is 25 - Margin 33000 and S&P Lot 250 - Margin 34000

I dont have intraday data on the S&P so wont be posting it's chart for sometime

The chart on the DOW indicates a flat trading day today. However, sometime in Dec - Jan - I expect that it retraces back towards 11000~ levels. One can start building shorts on the DOW around 12100 odd levels

DJI - Weekly

The Dow Jones weekly chart gives a clearer picture

It broke above the 61.8% retracement - Could it head to 13500? I dont think so...

Here's why i dont think so..

The Dow is likely to test a max of 12500 then reverse back down. this level co-insides with 161% + a completion of a Wolfe Wave & also marks a strong resistance of the trendline.

DJI

Apologies for the scribble - picture for the Dow Jones

DOWJONES

The DOW has formed a bullish bat gartley pattern with targets of 12500 / 13000

Will the debt ceiling be raised?

DOW

The Dow Jones has completed its targets and we now expect a reversal - Above 12750 it can head towards 13100.. most likely not.

I've charted out both possibilities of WW's but the 13000+ looks unlikely for now.

DOWJONES

The DOW has another 50-100 pts before we can see any form of reversal on the downside - This also means that all world markets also are likely to head south soon.

DOWJONES

Here's a 90 Min chart of the DJI

Somewhat exceeded it's target of the wolfewave - which is normal. We've seen this happen before. I expect some more upside 50-100 points before it reverses.

My targets are marked out as 12175 / 11995 and 11816

This is quite a valid WW - reason being Point 5 (12100) breached the trendline met the WW tgt and and exceeded it.

Let's watch for reversal now..

DOWJONES

Printed money can do a lot to boost sentiment.. 13000+ Coming?