nice trade

Still in range

The DJIA keeps on hitting resistence of a L-T trend line.

A couple of scenarious could play out here.

-sharp sell-of into xmas
-or a breaking of the L-T resistence, possible 400+ points on the upside (outlined in red)

I've also been watching the AUD/USD. I see weaknes in the $AUD - possible target 0.86c



safe trading

UPdated DJIA Chart

You can only hit your head so many times before you get a headache and give up

The XJO is starting to form the same pattern

The issue for me is that the longer it takes to break these resistance lines, the more it validates them as possible pivot points (reversal)

Safe trading

A very BIG move is coming.......

This could go either way.....

The first chart is the DJIA on a long-term chart



The next is a close up of the action. We can see the expanding megaphone (in Blue) and the L-T resistence line (also in Blue). Also the 50% Fib line is coming back into play.

All very interesting, going to wait for a defeniant move then 'pounce' - LOL

I'm still favouring the short side.... time will tell

Safe Trading