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S W
Member since May 2012
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Analyzing The Dow Jones Industrial Average - Dan Dontrose - The Fundamental View

I wish Dan well with his puts and what now looks a " close and re-evaluation"
My problem with his analysis here is that he "favours bearish potential" and without waiting for confirmation of a breakout of a" broadening top" goes and gets some puts.
This is completely opposite to his silver analysis where he (says) he won't trade till there is a closing breakout of certain levels.

As of Friday close it is still within the range...but looking like going north. For me...Wait for a close break >14120 MONDAY only, with confirmation of S& P >1527 and good volume. Note there has been declining volumes during this up move.

Up or down the next move is likely to be quite strong.
Patience and time in the market pays.

Commented 4219 days ago

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Beginning of the headline :It has been a while since I updated the broader market but after the events of the last couple of days I felt that I would throw my hat into the ring and give you my analysis of what might be occurring as well as give you some technical levels to watch in the broader market, namely the Dow Industrials. Last Thursday we saw cracks in the recent up-leg in the markets start to widen as the market was spooked by the FED’s minutes that showed that many FED members wanted to end QE sooner rather tha... Read More

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