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DIA trade ideas

Diamonds Monthly Bearish BatI continue to stick to that position and believe that we are in a special bullish cycle despite any impending news headlines or geopolitical concerns. This is one of the most difficult distractions for all traders. It is natural to want to correlate market price action with a news headline. As human beings, we always want to connect a cause to and affect but as traders this is one of the greatest flaws. I will remain bullish until 1. These targets are met 2. The pattern is destroyed. This doesn't mean we won't see corrections along the way. I still have a buy the dip mentality. Although I could be wrong just as any trader can be. I will stick to "buying dips" until the market proves me wrong, not a news headline. *I just realized this is a Weekly Chart Oops*
AMEX:DIALong
by climbing_stars
1
Dow Jones Industrials forecast from Feb 1st (repubublished)"2013 FORECAST: Once again, 20 weeks of time have developed at one price AND the market has climbed above that level (of 129) signaling an advance for the next 20 weeks. The DIA has price resistance from old highs and therefore will likely chop sideways for the better part of the year, with sharp sell-offs to keep the short sellers happy and for trendlines to break but without causing any problems. The market is supported by a bloated bond market and the money that will flow OUT of bonds and into equities over this year. The stock market is RESTRAINED by higher crude oil prices (see my previous forecasts) and higher tax rates, both on income and capital gains. Weak economic growth also impedes market gains. The heavy cash position of corporations will support the market through stock buybacks and new debt financings, coupled with take-overs and mergers. The side-ways chop I am forecasting is the best way to confuse the most amount of investors and proceed along the path of least resistance, which is sideways to up. Happy Investing. Tim West, Feb 1, 2013"
AMEX:DIA
by timwest
1
DIA Dow Jones Industrials FORECAST for 2013 by Tim West2013 FORECAST: Once again, 20 weeks of time have developed at one price AND the market has climbed above that level (of 129) signaling an advance for the next 20 weeks. The DIA has price resistance from old highs and therefore will likely chop sideways for the better part of the year, with sharp sell-offs to keep the short sellers happy and for trendlines to break but without causing any problems. The market is supported by a bloated bond market and the money that will flow OUT of bonds and into equities over this year. The stock market is RESTRAINED by higher crude oil prices (see my previous forecasts) and higher tax rates, both on income and capital gains. Weak economic growth also impedes market gains. The heavy cash position of corporations will support the market through stock buybacks and new debt financings, coupled with take-overs and mergers. The side-ways chop I am forecasting is the best way to confuse the most amount of investors and proceed along the path of least resistance, which is sideways to up. Happy Investing. Tim West, Feb 1, 2013
AMEX:DIA
by timwest
2
DIA forecast through year endThis is a purely technical guesstimate for how the market will advance given the pschological, sentiment, monetary, economic environment as I analyze it. The waves are just guesses based on market reactions to visible support and resistance levels. I "saved" this yesterday with the DIA at 128 and now with the market back up to 129.70, it appears that the support level down at 124-120 appears solid and it shouldn't be tested for at least another 10 weeks. The important element of this chart is the amount of time that has been spent prior to the breakout rally. The more time and accumulation, the bigger and longer lasting the rally. All the while, even though VIX has been low indicating complacency, equity mutual fund outflows have been strong which continues to show fear. Now that we are one day into earnings reporting season and the trend is positive. Cheers. Technical Tim April 12, 2012 3:59PM EST
AMEX:DIA
by timwest
22