Djia
DOW JONES Buy SignalPattern: Channel Up on 1D.
Signal: Buy as the price hit the 1D MA50 (blue trend-line) and the zone within the 1D MA50 and the 4H MA400 (yellow trend-line) has been a buy opportunity within the Channel Up. Also the previous -5% pull-backs have been buy opportunities, both of which made a bottom within that zone. In addition, the RSI bounced on its Support Zone.
Target: 35800 (every such pull-back has rallied +8% to the 1.5 Fibonacci extension).
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DJIA is my wave count correct ?There is not much to write here if My count of the Elliot waves is correct I would say that 35k up to 38k will bring solid correction.
I would expect harmonic pattern of 3 correcting waves if this analyse is correct.
Expecting also USD to grow stronger and BTC to go lower than current price.
I have not much experience with DJIA index but after what I saw the very low GDP of most of the coutries and huge spike in prices of equites commodities
I suspect that the bubble might be hiding somewhere
Dow Jones: Good Things Take Time 🌱🌱🌱Yes, we are in the middle of a global correction and the Dow Jones will still lose strength going forward. However, we expect the industrial index giant to fall between 33286 – 32756 points at max, before planting the seed for more sustained growth afterward. In total, we should see the Dow rise to somewhere around 36981 points, given that it stays above 31951 points during the current movement.
Be patient!
Dow Jones - Elliott Wave Technical Analysis5th wave has still some room to go up as usually it's as long as 1st wave.
Fib Extn for this wave from bottom of 1st wave to top of 3rd and extending it to 4th (bottom):
--------------------------
- We are now at 0.236 Fib Extension $34,550, 0.382 is around ~$35,090, 0.5 is at ~$35,500, 0.618 around $35,958
Good Luck!
DJIA Weekly Chart On the longer term weekly chart, the Dow Jones Industrial Average is still bullish into wave (5) targeting the 36865 wave (5) upside.
DIA - Calling Top Here - 1.414 Fibonacci Extension Reached Yesterday was a warning in my opinion.
Today is positioning ahead of further selling pressures.
DIA is topping out of the ascending triangle; position accordingly.
(Opinion only)
Dow Jones: C’mon Do Something! 😴😴😴The Dow Jones has been relatively quiet for the past couple of weeks. Our primary expectation is that the course is going to decline and dip into the target zone with the coordinates of 32850 – 32430 points. From there, we expect the course to increase again and reach new all-time highs. As long as we are above 33646 points, however, there is a 45% chance that the Dow is directly pushing up North.
Stay patient!
$CINF (Cincinnati Financial Corp) - Long to $160 Here is the analysis behind my latest stock purchase $CINF (Cincinnati Financial Corp)
PE Ratio (Trailing) = 5.42
ROE = +29.9%
ROA = +11.4%
ROIC = +10.9%
Solid data there and then the cash situation looks very strong. cash flow is growing but capital expenditures are not meaning the free cash flow is growing in recent years with the most recent 12 months bringing in 1.65 billion
We have 947 million in total cash and 905 million in total debt so this is a well balanced company from that aspect. Considering the debts are well managed and the growing cash flow inline with the average growth of just over 7% for the last 10 years, this to me looks like a strong company that is currently undervalued.
I believe the intrinsic value of this stock to be at $160 based on the current fundamental data
4-digit Dow (<9999) imminent?!...... Sure looks like it. - Especially since a ~70% decline here would be nothing more than just a garden variety return to the historic mean.
DJIA - Long and short Setup Breakout or Breakdown US30LTF Analysis on the Dow
Closing in on the Apex so a break to the upside or downside is Iminent.
See chart for trade setup if you take it ..
Ensure to know your Invalidation and use a SL
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Gold is cheap, relative to the Dow Jones IndexJust a little chart showing the relative cheapness of gold compared to the DOW Jones Index.
Buy Gold when Gold is cheap in relative terms in the green zone. Sell when Gold is expensive in relative terms in the red zone. Simple.
East vs. West; The Nikkei will obliterate the Dow!!... And that's without even the currency differential factored in! (... which should add an additional +8%-13% to the down-side.)
This spread currently sits right at the Quarterly Pivot.
As it stands, under even the most unlikely circumstances (worst case scenario) this spread, the Short DJIA / Long Nikkei225 , is a 4.5:1 R/R trade. A trade that anyone should take, especially if one finds oneself being forced to stay long equities - for some inexplicable reasons.
The Weekly;
US30 update33800 is an important support line for us30. If Dow breaks this area, which also means that Dow breaks Kumo cloud and we will probably see lower prices for US30.
Dow Jones 30 Analysis, April 20Hi traders, DJIA opened the day lower, together with other major global indices after a strong sell-off in the stock market. The only index that traded higher today was the Hang Seng, but it also gave back some gains ahead of the closing bell in Asia.
Now, DJIA is trading near a well-defined channel support and the 61.8% Fib level, which could provide some support for the index.
Falling US yields are also making bonds less attractive when compared to stocks, and the Fed's stance to keep rates "lower for longer" could see some buyers joining the stock market again.
A fall below the 33,900 level could see further downside potential, while an acceptance of that level would attract buyers and possibly see a retest of recent highs - given that positive risk sentiment persists in the market.
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#DJI interesting zone. Next 10pc move shld be down#DJI interesting zone. Next 10pc move shld be down
Timing the Bubble Burst Sequence (DJIA/Gold); Part II, UpdateThis is an Update of the original post ;
This is now at a 36 month Major Resistance! It is quite likely this will be the (very) long-term, final top.
Dow Jones: Where to go? 🚧🚧🚧Chances are good that the Dow Jones does not stop at 34000 points and crushes through that zone like Shaq used to do back in the day. If the Dow manages to also crush the resistance at 34336 points, our alternative scenario will prevail and bring even higher quotations. In our primary scenario, however, we believe that we take a long road here and that the Dow will correct a bit, before pushing for 34500 points.
Stay trading!
So I'm Bearish...LongtermLooks like we are in the end of an extended wave 5.
Looking for a market top coming in the next year or so.
Retail reddit traders blowing up stocks is a clear sign that we are in the final impulse as retail traders don't typically get personally involved until the end. Also the hedge funds getting margin called is a warning sign that people are overleveraged.
*Notice how in the 70's when Nixon took the USD off the gold standard, the market began it's extended 5th wave. If he hadn't have done that, the market most likely would have had a normal 5th wave comparable to where our current subwave 1 of 5 ended around 1987. So in that reality the 80's would have marked the end of the cycle. We would have gone through another depression and then started a new cycle with the internet boom, but nope.
Honestly China might take over because they'll be able to fund larger deficits and sell their bonds to take over blockchain, while we're paying off all of our ancestors debts!
Building up positions in the VIX.
If this is the top of the top though....WTF do we do...?
People say gold and silver. We also have crypto and defi now so that's good. Maybe other countries or emerging markets?
The U.S. dollar cracking is gonna be part of this so sitting in dollars isn't really an option this time!
