TRUST CONFIDENCE & CONVICTION
Revisiting our Sept 30, 2016 Market Call has been consistent so far in spite of the declines that the #Dow has made. As of Nov 08, 2016 update the DOW is trading @18316 levels well within its original trend heading North of the chart after the recent pullback that saw a 17994 low at the end of Nov 04, 2016 week's trading. A CONSIDERABLE FOLLOW THROUGH on the upside can't be denied after the correction!
Excerpt: "Any downward correction may just be position adjustments by institutional as the end of the 3rd quarter comes to an end and the next opening of the 4th quarter is expected."
Link: https://megatrade101.blogspot.com/2016/09/consolidation-pattern-within.html
A few known market players who has doubled down on equities which we will no longer mention is again in hot waters as both the #SP500 & #DOW are well into a strong 2nd week start on election day. Here is an update as of Nov 08, 2016 on the DJIA
Update Chart
https://www.tradingview.com/x/kQuM1Lcl/
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Still an Exceptional Trade for DOW today!
ReplyDeleteIndeed, A 'Divergent Trend' reflects Asian Equities 'Disjoint Angle', while keeping pace w/ US Equities. And the SP500 had a market sneeze! while the USD -DXY had a hiccup on election day! And gaining lost ground in the process. #DOW is up again in triple digit and positive territory.
https://www.tradingview.com/x/B42c05wS/
Update: As of January 25, 2017 - #DOW 20000 Finally Arrives. Not necessarily is a Silver Platter. Taking a stand a week earlier was not too bad after all! PATIENCE IS KEY!
ReplyDelete