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[invisage] 27/5/2020 21:33

DOW Futs 25618

25707 is just 89 points away..

[chestnuts] 27/5/2020 21:16

Inviage
Its difficult to work exactly where the dow is going but heres another top 25707 because its gone above 61.8% retracement

[invisage] 27/5/2020 21:09

25462 DOW blasted past this target...It's at 25550......I guess we are now in a bull market Chestnuts?

[invisage] 27/5/2020 20:35

Ando has been calling for 37k DOW long term...

[chestnuts] 27/5/2020 20:27

Gold

On a hourly chart could be making a small head and shoulders lets watch it pan out

[chestnuts] 27/5/2020 20:24

Invisage

This another thought the wave which down from 29568 was a 5 wave move , now this normally means the correction as not stopped so i am pretty confident the fall will come.
But say i am right that gold will go to $8602 in July but say the dow only falls to 14080 ish then this would mean its a 4th wave down, and so it will then the dow will have another wave up to around 37000 ish and gold would or could go to $45000ish which would be amazing but the value of the $ will have been eroded away, but some of the stocks will gone through the roof.

Just my thoughts but this would also fit Anthonys reading of the charts but he as not taken in to the account the dow needs to finish correcting.

[invisage] 27/5/2020 19:35

Yes nice bounce back.... this back and forth move is all healthy.....think when the move comes it will be that much stronger due to the consolidation that is happening now

[chestnuts] 27/5/2020 19:32

Invisage

I added some quite near the bottom today but i am waiting for a really big moves which hopefully will come , and i will just wait as the market unfolds.

[invisage] 27/5/2020 17:42

Thanks Chestnuts What about Gold? Do you think we will retrace anymore?

[chestnuts] 27/5/2020 17:17

Dow
well it went right through my 25129 but it did it through the night and this am it was very bullish so i left it but the market is the market and it will do as it wishes

So my next target is 25462
which will give another downward price to start with at 14085 which would indicate that it might not go any lower than this but we would have to wait to see what happens but if it does go through this it will go to 6850 ish

[r88ave] 27/5/2020 15:14

when long on gold at 1697 earlier with very tight sl, cant post the 4hr chart from tr@ding view here, but seemed to have hit bottom channel on downtrend. Reckon its bottomed (hopefully)

[kash18] 27/5/2020 09:48

Thank you for the information, im hoping todays highs hold and we start going down. ATM big up moves are on vaccine releases.

[invisage] 27/5/2020 09:03

Kash - See below

Basically Chestnuts is saying short around here for a 6800 target on the DOW.





chestnuts - 07 Apr 2020 - 10:15:03 - 81786 of 82516
Jtc

THe Dow wave structure shows the 5th wave is the longest 6470 upto 29568 and when a market corrects from this it normally goes back to the bottom of the 4th wave ish ie 6470 ish

I think the dow is doing a zig zag pattern and if i am correct it should read like this

Wave A down 29568 down to 18192 this is a 5 wave move down

then you get the corrective wave and which normally is an abc we are on a c wave which i think it will go to 25200 ish bottom of the 1st wave down on the wave A

Then a zig zag pattern usually as a relationship of

Wave A = 1
Wave B = 1 or 1.618 or 2.618
Now if i am correct and its going back to roughly 6800 ish the current c wave of the corrective wave should go to around 25200 ish so should be a good short from here

[kash18] 27/5/2020 08:51

Good morning Invisage and Chestnuts,

been reading your posts for few days. Dow 6000 is that this july ? i Have read that we could see 18k or even 15k this year but not at that level.

Market continues to grind higher on the hope of vaccine and fed injection of funds. Im not a chartist or historian but 6000 Dow will mean doom and gloom.

[invisage] 27/5/2020 06:31

Chestnuts Gold coming off and DOW rallying overnightAre you still expecting a currency reset and DOW 6000 by July?

[bogotatrader] 26/5/2020 21:51

S&P failed to break above and hold 200 day moving average

[invisage] 26/5/2020 17:03

Did you short DOW Chestnuts?

[chestnuts] 26/5/2020 16:49

Dow hit 25149

[invisage] 26/5/2020 15:00

Thanks Chestnuts

Gold gone below your 1720

I am thinking of adding gold at $1700

[chestnuts] 26/5/2020 14:12

Invisage

I told you my number 25129 ish say plus 50pts

Barc could be a very good short if it cant get over 113 on this leg up then down it will go

[invisage] 26/5/2020 13:46

Chestnuts

Any appetite shorting DOW here 25047?

[chestnuts] 24/5/2020 23:09

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[invisage] 24/5/2020 20:51

Interesting chart Chestnuts thank you.


It feels like we are going to hit Ando's 27k target over the summer on the DOW.....Just don't see AAPL falling to 220 and then rising back to 375.


I think the DOW may have put in a multi decade top as a large part of the rally the past 4 decades has been built on debt....unsustainable debt....


Now if that debt is coming home to roost then how does the DOW maintain current levels? It doesn't .. it heads lower just like the Nikkei has been well below 1990 highs for decades...

[chestnuts] 24/5/2020 09:04

Invisage
AApl could drop to 220 and still keep the wave count

[chestnuts] 24/5/2020 09:02

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