Get started

Djianalysis

Dji Predictable? Snoozefest for now. This is just because I got tired of hearing people say, "The dji went down today and calling it unexpected and all that. Simple line chart, every line after the dip was there before it was hit, so I'd say that right now, as an index, it is pretty predictable. zZzZzZ fest Though I must say, as times goes on and especially now, It seems as if something even more and more interesting will happen. I said the same thing to my friend right before this last drop. Lets just hope the interesting event will be good and not bad. Ima still stick with the concept that good and bad news just means look for where it will drop or stop next. Fib is from 15.5k to 26.6k I still think the .75 can be used on this go around as the 2nd drop in this smaller trend went quite a bit under it. But because it seems arguable if it has been used before, I think it will be interesting to see what happens. Also the lack of support if we drop almost means for certain we have to go down to the .618, but even though the .618 is the .618, There seems to be no support and a drop to 21.6k seems likely with 20.5k-21k looking like the only really strong resistance. Anyway take care yall. -KTown
DJ:DJI
by TrendLINEBoys
Rain in July?Good day folks, We may have a channel showing up, however we still have a day or two to see if the market continues to rise or reverse down. This makes this analysis very speculative, but when a channel shows up, the price action usually goes from an extreme to another. If it continues to rise, then it is logic that we reach the resistance line of the channel before reversing, which gives us another few hundred points of upside. My title: if this channel hold, we may reach Jan high somewhere in July, and we should face a lot of resistance and/or a corrective wave. Let's see, still a long way to go. My Targets Wave 3: 255 to 258; Wave 4: 250 to 245; Wave 5: 263 to 266. Cheers,
TVC:DJI
by tipere445
1
A Big cloud...As you can see the price dji is being maintained in this side channel formed temporarily, the price rises again and try to crash and go through the cloud, this is a very powerful resistance that is costing a lot of work to pass through, possibly if training turns the price again to low, but within the parameters of tolerance of the price. but finally after gaining ground little by little the price wants to return its march Note that this is simply an idea of price behavior nothing more .
TVC:DJIShort
by ManuelRodriguez
DJI: Earning Season or Stormy Season ?DJIA Again with the keeping it simple Strategy. 1. See the price action around the Support lines and Trend Lines. 2. Price got rejected at 20 MA twice on a Daily Close. 3. Frequent Testing of Previous Support Levels 4. Earning Seasons - Meh, Storms Brewing In the marked Area !! 5. Clouds in this area needs to dissipate Quickly , meaning Run upwards !! 6. More Inclined to think a Violent break of the Support Zone and a Sudden Run to 22800 ( TGT-2) as predicted earlier. Be prepared for this. Dont be Uptight , see the Previous posts on Dow Jones and hit the play button. Then Post a LIKE :) *** Bullish Scenario : Strategy to go long- will update if it manages to close above 20 MA.
DJ:DJI
by arnyie
DJI Trend and 'Natural' Growth Pre-ReaganomicsCurrent trend looks to be heading towards 23.5K per the 'Adjustment', but looking at historical data we can see where we'd most likely be if Reaganomics never happened (Slow progression), as well as slow growth rates during other periods which may more accurately reflect where we ought to be. Safe bet is that we're heading to 23.5K, but if we go by 1997 trends, this could be roughly 20K. Reagan-bump trends would be 9.5K (I think this is the 'actual' number), and pre-Reagan trends are roughly 6k. Just my thoughts.
DJ:DJI
by nolanp01
1
Bear Market Bounce? Descending Triangle Short TargetI think the pattern is more evident here on the Dow Jones, when compared to SPX. The next leg down (when measured from peak to baseline) has us right at "bear market" territory. From the current high (open/close) a close beneath 21293.368 puts us below the 20% threshold, and while we may dip to this area, I'm not so certain we will close a session beneath this spot (not yet, anyways). I see two possible scenarios, the 1st is if the market caves fast and we begin the next leg immediately, the 2nd includes a possible bounce within the descending triangle formation before completion of the pattern. I would like to point out, that if there is a bounce at the 22.5k area which retraces higher than 50% of the immediate fall, that would indicate a possible reversal due to the weakness of the pattern breakout. The latest I see this playing out by is mid-June, though it could happen at any time before then.
DJ:DJIShort
by J-Streak