Dji Predictable? Snoozefest for now.
Updated
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
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
Note
Same as usual. We are making our movement towards the .75I'm still waiting to see what happens there. I figure it will bounce off the /, because there is simply too much negative news in the mainstream media for me to believe that people wont try to make profits off of normies selling. I'm not saying we wont go down, but I see a possibility of one more bounce at least.
Note
So its too early to tell whats what. But for now how I see this is still normal movement.We have a bounce above the .75, so I believe that the .75 can still be used one last time.
The news still seems to be crap to me. This just seems like normal buying when people say SELL SELL SELL!, as i said in my last update. The best thing do look for now is places to get out around the Crossing of the 200 and 50 MA and then getting back in after the DJI has proven its worth. All of this is normal movement. I am always surprised by how crap the news is.
LOL articles talking about clearing stress tests. The market was going to get bought back anyway, whether this was one of the last big buys above the .75 or not.
Anyway good luck and ill keep updating. Things still look bad and i wouldn't be surprised if people are still using these bounces (parts of the cycle) to get our before we drop.
This update is a 2HR chart FYI
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