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Dow Rocket ship Print
Written by Site admin   
Thursday, 26 January 2017 14:45

 dow2000

Dow at 2000, will it become a distant memory?

We had the Trump rally part one following his election, which was largely based on 1. massive short covering by

those who assumed Hilary would win and were heavily short the market aka George Soros who reportedly lost a a billion dollars. 2. An assumption that Trump would reflate the economy by bringing jobs back to the the US.

Trump rally Part Two may not be the same. Up it just shot with a fanfare from commentators and pundits far and wide with Dow at 30,000 by 2020! the most optimistic headline I read this week. A look at the chart gave the buy signal three days in advance, but what now?

Alternatively the market has it all wrong. Just maybe we are about to see 'BTRSTF' again. Buy the rumour, sell the fact happens time and again. This time could the expectation of 20,000 Dow be too much to resist, up it runs onlt to find there are now more buyers?

What happens next....hold on tight as volatility will bring the unexpected.

 

From the blog

Catching the Big Moves....

 A couple of weeks ago I spoke at Round-the-Clock-Trader about “How to catch the BIG moves in just 20 minutes a day...”. You can view the full recording of the webinar here.

The talk was based on the two main techniques I use in my trading - The trend following and reversal finding process from the Twenty Minute Extreme Swing Trader and the Fibonacci based, Harmonic Wave Trader. The chart shows these two methods in action, read on....

Read more...

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