Comments on: Dow Daily Structure July 15th http://blog.afraidtotrade.com/dow-daily-structure-july-15th/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 12:53:25 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Dow and S&P Structure Completing Broadening Formations | Penny Stock Trading System Blog http://blog.afraidtotrade.com/dow-daily-structure-july-15th/comment-page-1/#comment-209968 Dow and S&P Structure Completing Broadening Formations | Penny Stock Trading System Blog Sat, 25 Jul 2009 02:30:57 +0000 http://blog.afraidtotrade.com/?p=4311#comment-209968 [...] first mentioned the possibility that the Dow Jones index was forming a “Broadening Formation” on July 15th and that pattern now appears to be the dominant structure with a price target that has almost [...] [...] first mentioned the possibility that the Dow Jones index was forming a “Broadening Formation” on July 15th and that pattern now appears to be the dominant structure with a price target that has almost [...]

]]> By: Dow and S&P Structure Completing Broadening Formations | Afraid to Trade.com Blog http://blog.afraidtotrade.com/dow-daily-structure-july-15th/comment-page-1/#comment-209955 Dow and S&P Structure Completing Broadening Formations | Afraid to Trade.com Blog Thu, 23 Jul 2009 22:36:06 +0000 http://blog.afraidtotrade.com/?p=4311#comment-209955 [...] Broadening Formations Jul 23, 2009: 5:35 PM CST // I first mentioned the possibility that the Dow Jones index was forming a “Broadening Formation” on July 15th and that pattern now appears to be the dominant structure with a price target that has almost [...] [...] Broadening Formations Jul 23, 2009: 5:35 PM CST // I first mentioned the possibility that the Dow Jones index was forming a “Broadening Formation” on July 15th and that pattern now appears to be the dominant structure with a price target that has almost [...]

]]> By: Bob http://blog.afraidtotrade.com/dow-daily-structure-july-15th/comment-page-1/#comment-213401 Bob Thu, 16 Jul 2009 17:21:55 +0000 http://blog.afraidtotrade.com/?p=4311#comment-213401 Aside from technical analysis... A rally, now? Think about this... It's the dead of summer, usually a stagnant period for the equity markets; California, the eighth largest economy in the world can't pay it's bills and is issuing IOU's; CITI Bank is on the brink of default on its debt and probably will file bankruptcy in the immediate term; Oil is still holding in the low $60's but, is predicted to tank, cause the tanks are brimming full... the US consumer just is not spending; The lack of spending is feeding back on the emerging markets where initial optimism is now beginning to appear less robust; And the US Federal Government has leveraged itself to the hilt... A rally, really? <br><br>Take a look at the longer, bear market, downward trend line... Price is right now testing it a second go. Will it hold or fail? A break, with price holding above the trend line formally signals (Dow Theory) an end of the "bear market". A failure signals the continuation of the "bear market". Hmmm. An interesting moment in time. Aside from technical analysis… A rally, now? Think about this… It's the dead of summer, usually a stagnant period for the equity markets; California, the eighth largest economy in the world can't pay it's bills and is issuing IOU's; CITI Bank is on the brink of default on its debt and probably will file bankruptcy in the immediate term; Oil is still holding in the low $60's but, is predicted to tank, cause the tanks are brimming full… the US consumer just is not spending; The lack of spending is feeding back on the emerging markets where initial optimism is now beginning to appear less robust; And the US Federal Government has leveraged itself to the hilt… A rally, really?

Take a look at the longer, bear market, downward trend line… Price is right now testing it a second go. Will it hold or fail? A break, with price holding above the trend line formally signals (Dow Theory) an end of the “bear market”. A failure signals the continuation of the “bear market”. Hmmm. An interesting moment in time.

]]> By: Bob http://blog.afraidtotrade.com/dow-daily-structure-july-15th/comment-page-1/#comment-209888 Bob Thu, 16 Jul 2009 12:21:55 +0000 http://blog.afraidtotrade.com/?p=4311#comment-209888 Aside from technical analysis... A rally, now? Think about this... It's the dead of summer, usually a stagnant period for the equity markets; California, the eighth largest economy in the world can't pay it's bills and is issuing IOU's; CITI Bank is on the brink of default on its debt and probably will file bankruptcy in the immediate term; Oil is still holding in the low $60's but, is predicted to tank, cause the tanks are brimming full... the US consumer just is not spending; The lack of spending is feeding back on the emerging markets where initial optimism is now beginning to appear less robust; And the US Federal Government has leveraged itself to the hilt... A rally, really? Aside from technical analysis… A rally, now? Think about this… It's the dead of summer, usually a stagnant period for the equity markets; California, the eighth largest economy in the world can't pay it's bills and is issuing IOU's; CITI Bank is on the brink of default on its debt and probably will file bankruptcy in the immediate term; Oil is still holding in the low $60's but, is predicted to tank, cause the tanks are brimming full… the US consumer just is not spending; The lack of spending is feeding back on the emerging markets where initial optimism is now beginning to appear less robust; And the US Federal Government has leveraged itself to the hilt… A rally, really?

]]> By: blues http://blog.afraidtotrade.com/dow-daily-structure-july-15th/comment-page-1/#comment-209886 blues Wed, 15 Jul 2009 20:54:24 +0000 http://blog.afraidtotrade.com/?p=4311#comment-209886 Actually you see that pattern forming on SPX also. But that would require SPX to go above 1000! But in the end, mega-phone (widening wedge) is a bearish pattern which will result in a very fast drop. Also mega-phone pattern might accompany a blow off top also... Actually you see that pattern forming on SPX also. But that would require SPX to go above 1000! But in the end, mega-phone (widening wedge) is a bearish pattern which will result in a very fast drop. Also mega-phone pattern might accompany a blow off top also…

]]> By: S135 http://blog.afraidtotrade.com/dow-daily-structure-july-15th/comment-page-1/#comment-209885 S135 Wed, 15 Jul 2009 17:06:42 +0000 http://blog.afraidtotrade.com/?p=4311#comment-209885 You might add that the 200ma on the Monthly is a show stopper too, not to mention the bear down channel:<br><a href="http://i26.tinypic.com/2qkozec.png" rel="nofollow">http://i26.tinypic.com/2qkozec.png</a> You might add that the 200ma on the Monthly is a show stopper too, not to mention the bear down channel:
http://i26.tinypic.com/2qkozec.png

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