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US and Euro stocks mounting one more rally before crashing?

  • #601
  • Feb 15, 2019 3:06am Feb 15, 2019 3:06am
Quoting avibe
Betting on the unexpected I think Dow Jones will form a new ATH ----> 30,000 then 33,000 reason ? China Trade deal will drive this market into a manic phase {image} Second...will the 1929 / 1987 crush style come?? Yes it definately come... {image} Russell gives the clearest indication of this upmove {image} DAX appears to have bottomed and also China A50 shares index . Thank you All the best {image}
Going on the higher tfs, ie, monthly & two monthly, that is easily possible if it can break above 27,000.
  • #602
  • Feb 15, 2019 3:30am Feb 15, 2019 3:30am
As I said, I think we'll see lower levels on both Dax and Dow today, but, just depends on how high the pullback goes. The levels I am looking at are the fibs, firstly the 38.2% is a contender on the Dax @ 113, then the 50% which is sitting on today's CP @ 144, and finally the 61.8% @ 173. I don't see the price going higher than that today, but of course, that's only what I see, so could be wrong.

ps - the first test could be just above, at 080, the 10m 100sma level.
  • #603
  • Feb 15, 2019 5:19am Feb 15, 2019 5:19am
If you anticipated the strength of this up move on the Dax this morning, then hats off to you, because I certainly didn't. It's just above the 61.8% now, and it knows it's there. If it does break higher, then it should move up to R1 @ 214, and any higher than that, which is also the 76.4% retrace, and I really am flummoxed!
  • #604
  • Feb 15, 2019 5:37am Feb 15, 2019 5:37am
The Dow took off from a nice bear trap down between upward sloping SMA100 and SMA200. Now consolidating around SMA50. Will this be the sell zone for the afternoon action?

And DAX obediently went where the Dow went
Attached Image (click to enlarge)
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  • #605
  • Feb 15, 2019 5:37am Feb 15, 2019 5:37am
You've got to go back to the 4th Jan to find a longer H4 candle than this one, which closes in 22 mins.
  • #606
  • Feb 15, 2019 5:38am Feb 15, 2019 5:38am
Quoting cat
If you anticipated the strength of this up move on the Dax this morning, then hats off to you, because I certainly didn't. It's just above the 61.8% now, and it knows it's there. If it does break higher, then it should move up to R1 @ 214, and any higher than that, which is also the 76.4% retrace, and I really am flummoxed!
Upward slopping 4H 200sma where it found its support there this morning. We are really quite far down from ATHs on Dax still when compared to say Dow...
  • #607
  • Feb 15, 2019 5:40am Feb 15, 2019 5:40am
Quoting medici
The Dow took off from a nice bear trap down between upward sloping SMA100 and SMA200. Now consolidating around SMA50. Will this be the sell zone for the afternoon action? And DAX obediently went where the Dow went {image}
Yes, I had that, the H1 200ema/sma support level, just thought the pullback would be much shallower and would then roll over for lower levels, but what do I know!
  • #608
  • Feb 15, 2019 5:42am Feb 15, 2019 5:42am
Both Dax and Dow are pretty close to their 76.4s though right now from the previous highs, and this has got to be a very key level.
  • #609
  • Feb 15, 2019 5:46am Feb 15, 2019 5:46am
Quoting cat
Both Dax and Dow are pretty close to their 76.4s though right now from the previous highs, and this has got to be a very key level.
Yes, it looks like this is the end of the up move. May the selling commence
  • #610
  • Feb 15, 2019 6:16am Feb 15, 2019 6:16am
Quoting medici
{quote} Yes, it looks like this is the end of the up move. May the selling commence
That was a wicked H4 candle, great if you traded it from the bottom, but not so great if you were hanging onto shorts, I wasn't but many traders must have been.

Neither am I convinced it has topped, as Dow certainly looks like it could move higher. My bearish bias has gone for the day, and I'm sitting on the sidelines for now waiting for something to shape up.
  • #611
  • Feb 15, 2019 6:40am Feb 15, 2019 6:40am
Check for M3 diversion on this little pop up on Dax!
  • #612
  • Feb 15, 2019 7:14am Feb 15, 2019 7:14am
That diversion has held, thus far, and is just about confirming now and crossing to the downside. Lovely diversion pattern with MACD, but is it enough??
  • #613
  • Feb 15, 2019 7:36am Feb 15, 2019 7:36am
Right I just shorted that at 300 with a 20 SL and will put it down to experience and go and have a beer if it carries on up.
  • #614
  • Feb 15, 2019 7:47am Feb 15, 2019 7:47am
If I get away with this one, the beers are on me!
  • #615
  • Feb 15, 2019 7:49am Feb 15, 2019 7:49am
I'm short AEX came in at 532.997 12/2/2019 10.00 GMT I almost came out today but am holding SL is now 535.198
Attached Image


looking at the charts on months i think we have room to go higher
Attached Image (click to enlarge)
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  • #616
  • Feb 15, 2019 8:12am Feb 15, 2019 8:12am
Anyone wondering whether to short, I will just say that my Dax short at 300 is incredibly risky as it is well above all of the supporting moving averages on the smaller time frames, from which the price can, and usually does, kick back up again in a trend. I based my trade purely on a topping MA I have on my H3 time frame which coincides with what should be a strong resistance zone for Jan and Feb. Not worth risking a big SL, but in terms of risk reward should it run for me, it is excellent. Normally I would wait for more confirmation, but here, I thought I'd chance it. If I can move to BE, I'll probably leave it over the weekend, but that's premature, as my trade is still under great threat of being stopped out.
  • #617
  • Feb 15, 2019 8:18am Feb 15, 2019 8:18am
Should also point out that today's candle on Dax has brought the price up to form what is now at least, a perfect head and shoulder pattern on H4, the left shoulder being 24th jan, and the head 5th Feb.
  • #618
  • Feb 15, 2019 8:33am Feb 15, 2019 8:33am
These markets are ballistic today. Can one of you fundi experts please tell me what's going on?
  • #619
  • Feb 15, 2019 8:49am Feb 15, 2019 8:49am
just wait for the china announcement....you guy.... short sellers will be on suicide watch
practising coitus interruptus
  • #620
  • Feb 15, 2019 8:59am Feb 15, 2019 8:59am
Quoting avibe
just wait for the china announcement....you guy.... short sellers will be on suicide watch
What China announcement are you referring to exactly?
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