Trading Houston 5

Discussion in 'Share Investing Strategies, Theories & Education' started by Tropo, 23rd Nov, 2008.

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  1. bundy1964

    bundy1964 Well-Known Member

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    How is 9630 looking?
     
  2. Tropo

    Tropo Well-Known Member

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    Looking good !! :p
    DOW hit a target last Friday (high 9630.2)
    We may expect it to go down a bit :eek:
     
  3. Tropo

    Tropo Well-Known Member

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    If DOW breaks down 9905 it may go down to 9130/24.
    Trading range: 9715 ~ 10328 (50% Fibo retracement level is at 10334).
     
  4. Tim__

    Tim__ Well-Known Member

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    Well the DOW is sitting at 9906 at 10:3pm tonight, so it should be interesting to see what occurs during the trading day in the US tonight.

    I do expect a reasonable downturn but I am keeping an open mind, with stop losses raring to go...

    Tim
     
  5. Tropo

    Tropo Well-Known Member

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    XJO

    XJO gapped down on the open (bad news).
    For a time being 4577/4540 should hold. If not, we may go down to: 4302...4081...:eek:
     
  6. Tropo

    Tropo Well-Known Member

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    The Bear

    The Bear :p
     

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  7. Tropo

    Tropo Well-Known Member

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    Possible downside levels on DOW/XJO:

    DOW = 9745...9430...9126...8078
    XJO = 4498...4302/4255...4175/4081...3736