Dow Jones = 100,000 Target

[tradingwizzard 10]

Really? And what makes you think it's poised to break higher?

 

There was a clear rejection of resistance on wednesday and both yesterday and today buyers don't seem to have it in them to make a higher high.

 

To me, this suggests buyers are reluctant towards bidding above the top of the trading range, at least for the time being.

 

Lets wait and see.

 

hi there,

 

I don't want to go into a whole discussion related to corrective waves, but this one looks to be corrective, and, speciffically, a flat........time element is respected, structure is respected, b wave is the more complex, c wave takes less time, the structure of the whole pattern is 3-3-5........meaning new highs to come........

 

now, are these highs to come straight away? ....we don't know, as this corrective pattern (the flat) may be part of a complex corrective pattern (like a double combination, or triple combination, or double or triple three, etc)........

 

however, the real question is are these highs to come eventualy? Well, the answer is YES. This looks like a corrective wave and by the time it will finish price will break higher. Regardless of the fundamental reason. If any.

 

TW

[tradingwizzard 10]

so Fed signals strong improvement in the labor market according the the Fed member that spoke today.....are stocks tumbling?....end of QE? Tapering? Equities?.....oh well, Dow 15600.....anyone?

 

TW

[zdo 20]

so Fed signals strong improvement in the labor market according the the Fed member that spoke today.....are stocks tumbling?....end of QE? Tapering? Equities?.....oh well, Dow 15600.....anyone?

 

TW

 

twiz,

 

... pls make up your mind...

first you squelch any talk about underlying conditions -

"in the end, technical analysis prevails" etc etc.

... then you spew "Fed signals", "end of QE?" "Tapering? "

 

None these 'technicals' or (what you are calling) 'fundamentals' are on topic to your original neely LINK... you're blowing up your own thread...

 

None of the timeframes you're using - even including the weeklies - are on topic to your original neely LINK... more blowing up your own thread... and no amount of censoring zdo will fix that...

 

Maybe someone should remind you that EW is not going to attract much participation anyways... not real smart to drive the already limited support for EW topics away...

 

If you're really all that good with (e)Wave trading you should go private, proprietary - Dominick style - instead of looking all wishy washy up in here in your bully pulpit....

 

zdo

 

--------------------------------------------------------------------------------

Last edited by tradingwizzard; 11-04-2013 at 03:18PM.

[tradingwizzard 10]

Dow closes on Record High.....were are the bears?

 

TW

[tupapa 10]

Dow closes on Record High.....were are the bears?

 

TW

 

Today was interesting. There was a another poke above the range that found no buyers and consequently price collapsed back into the range.

 

It now seems likely that the Dow will test the lower limit of the range, at 14,800.

 

This is my first target, where I take out 1/4 of my position and stay alert, since price could reverse.

 

If buyers don´t show up there, my next area of interest is 14,000, where I would scale out the second 1/4.

 

[zdo 20]

re: where are the bears? and

 

Today was interesting. There was a another poke above the range that found no buyers and consequently price collapsed back into the range.

 

It now seems likely that the Dow will test the lower limit of the range, at 14,800.

 

This is my first target, where I take out 1/4 of my position and stay alert, since price could reverse.

 

If buyers don´t show up there, my next area of interest is 14,000, where I would scale out the second 1/4.

 

 

 

 

Twiz, Just curious, is this the kind of conversation you were really seeking when you opened a

Dow Jones = 100,000 Target

thread based on a LINK from Glenn Neely?

 

If so, all my macro posts (and anyone else's), are off topic. It is just a thread to discuss local SR etc etc... and with a name like

Dow Jones = 100,000 Target

it sorta smells like

No Bears Allowed

 

Please let us know.

 

Thx.

 

zdo

[tradingwizzard 10]

re: where are the bears? and

 

 

 

 

 

Twiz, Just curious, is this the kind of conversation you were really seeking when you opened a

Dow Jones = 100,000 Target

thread based on a LINK from Glenn Neely?

 

If so, all my macro posts (and anyone else's), are off topic. It is just a thread to discuss local SR etc etc... and with a name like

Dow Jones = 100,000 Target

it sorta smells like

No Bears Allowed

 

Please let us know.

 

Thx.

 

zdo

 

it was not a link, it was a page I scanned from a book I have.....since it is not my analysis, the correct thing to do is to name the author.......

 

bears are allowed, but when in pain, don't come to bulls for treatment

TW

[tradingwizzard 10]

Today was interesting. There was a another poke above the range that found no buyers and consequently price collapsed back into the range.

 

It now seems likely that the Dow will test the lower limit of the range, at 14,800.

 

This is my first target, where I take out 1/4 of my position and stay alert, since price could reverse.

 

If buyers don´t show up there, my next area of interest is 14,000, where I would scale out the second 1/4.

 

 

funny enough the chart you are pointing there resembles with a running variation of a contracting triangle......if it is correct, it implies drop no more than 61.8% out of the last leg higher and the thrust of the triangle should be minimum 161.8% extension when compared with the longest leg of the triangle .......you do the math and see what it means........but in the meantime, bears have all my respect and keeping fingers crossed

TW

[tradingwizzard 10]

any bear still alive for Dow's close for the week?....

 

Probably not

 

TW

[zdo 20]

one more time - with the essence of the question

 

Twiz, Just curious, is this the kind of conversation you were really seeking when you opened a

Dow Jones = 100,000 Target

thread based on a LINK from Glenn Neely?

 

If so, all my macro posts (and anyone else's), are off topic.

(if so ) It is just a thread to discuss local SR etc etc...

 

Please let us know.

 

Thanks.

 

zdo

[tradingwizzard 10]

one more time - with the essence of the question

 

Twiz, Just curious, is this the kind of conversation you were really seeking when you opened a

Dow Jones = 100,000 Target

thread based on a LINK from Glenn Neely?

 

If so, all my macro posts (and anyone else's), are off topic.

(if so ) It is just a thread to discuss local SR etc etc...

 

Please let us know.

 

Thanks.

 

zdo

 

you take it as you wish....you should be a big boy now to draw your own conclusions

 

TW

[zdo 20]

you take it as you wish....you should be a big boy now to draw your own conclusions

 

TW

 

Thank you TW.

 

and, as a 'big boy now, I will draw the conclusion' that you don't give a shit.

[tradingwizzard 10]

Thank you TW.

 

and, as a 'big boy now, I will draw the conclusion' that you don't give a shit.

 

did you hear me say is wrong one?

 

TW

[tradingwizzard 10]

stock at record highs, yet again......any bear still alive?......anyone?

 

TW

[zdo 20]

stock at record highs, yet again......any bear still alive?......anyone?

 

TW

 

Why should "anyone?" bother to post

since it’s obvious from the way you’ve managed this thread you can’t conceive how anyone could even be a bear alive?

or

since you've repeatedly refused to clarify your intentions of whether the thread really is about Dow =100000 or just about new highs with the Target title serving as sham promotion...

 

and, acording to policy, shouldn't you be posting (new highs) news and any other news in the news section

?

 

"is EU fixn to QE ??" = must long

links removed

-------------------------------------------------------------------------------

Last pre-crimed by tradingwizzard; 11-06-2014 at 03:18PM.

[tradingwizzard 10]

Why should "anyone?" bother to post

since it’s obvious from the way you’ve managed this thread you can’t conceive how anyone could even be a bear alive?

or

since you've repeatedly refused to clarify your intentions of whether the thread really is about Dow =100000 or just about new highs with the Target title serving as sham promotion...

 

and, acording to policy, shouldn't you be posting (new highs) news and any other news in the news section

?

 

"is EU fixn to QE ??" = must long

links removed

-------------------------------------------------------------------------------

Last pre-crimed by tradingwizzard; 11-06-2014 at 03:18PM.

 

God you're so pissed off...I like that

 

relax....enjoy life

 

TW

[tradingwizzard 10]

"Why should "anyone?" bother to post"

 

well....you did...

 

TW

[zdo 20]

well....you did...

... congratulations ......

[tradingwizzard 10]

... congratulations ......

 

thank you....you're so kind........

 

letting joke aside....posting is not mandatory, saying earlier and saying it here again.......it is not a contest

 

it is a thread for God's sake for regular people to discuss why on earth equities are making new highs repeatedly.......IT IS NOT A NEWS............

 

Thank you for your understanding,

 

TW

[zdo 20]

...it is not a contest

 

Thank you for your understanding,

 

 

You're welcome.

Edited November 14, 2013 by tradingwizzard

[tradingwizzard 10]

You're welcome.

 

thank you for your understanding and thank you for being concise...

 

 

simple works best

 

regards,

 

TW

[tradingwizzard 10]

any bear alive?

 

TW

[tradingwizzard 10]

any bear still alive besides zdo?...

 

TW

[SIUYA 11]

I am generally bearish by nature.....I just choose to wait for the opportune time to sell rather than fighting the trend.

 

disclaimer: no one forced me to write this, I dont care about 10k, 100k or 1mil in the dow, I am just a cynical middle aged man but have always been so even when younger, I agree this is not a contest, my computers will soon be back on line after renovations gone astray, I have zero respect for builders even though my brothers are in the building game, even less respect for accountants, after time off from trading I am less interested in day trading and more interested in bigger picture themes. No animals were hurt in this renovation unless you include children (hey - you gotta applaud their small hands are good for somethings) and my bank account.

[sergso 10]

Bear market is around the corner. imo. Pls do not invest based on my opinion, do your own homework.