DIA Market Top by Joab

Discussion in 'Stocks' started by Joab, May 22, 2007.

  1. asragov


    For what it's worth, TradeGuider shows DIA (on a daily time frame) still in an uptrend with more steam left in it.

    The bearish volume indicators on the 18th and the 23rd could be negative foreshadowing, but, for now, TradeGuider says that the trend has not yet changed.
    #111     May 30, 2007
  2. Tums


    that's what TraderGuide says, it is public knowledge, but what is your analysis?
    #112     May 30, 2007
  3. Joab



    Out break even

    This volatility is nutz !!!

    I knew I shud have written a Bear Call Spread instead.
    #113     May 30, 2007
  4. volatility is just off an all-time low. its not volatile, its a bull mkt. Dummy.
    #114     May 30, 2007
  5. Joab


    #115     May 30, 2007
  6. and then what happened?
    #116     May 30, 2007
  7. asragov


    This is also consistent with Elliott Wave analysis, which I agree with.

    It seems like the movement now is part of a Wave 3 from about 2 months ago.

    The market should retrace a little from these levels, then make new highs on less volume.

    In other words, those calling the big top and end of the ride are, IMHO, a bit early.
    #117     May 30, 2007