Jan 28 2009
DOW likely scenarios!
Dow chart is showing possible scenarios now.
Is the current strenth market is showing real? Or is it just a possible move to load more short at better position?
I have put a chart to demonstarte the possible levels we have to see where the Dow will move now.
I have put the picture above as a thumbnail you can click on it to enlarge and see it.
The levels to watch are 8500 level first and if broken then 8990 to 9000 region .
Though i am more of short biased when the pair reaches above level as i find these to be the levels where the BIG BOYS will enter short position heavily to break the lower support level of 7800 or so .
This being one scenario we have other scenario where if price breaks 9000 it wont stop till 10000 region.And then start consolidating for next short move.
So be careful at these levels and see the chart before loading positions .
Update on yesterdays trades : Closed all in plus specially UJ and cadchf gave lot many pips ,nzd/usd gave 50 pips
I hope you will make more pips!







































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