General Trading Chat

DOW is currently hovering around 22790, after dipping to 22771
Once sustained above 22800
I wont be surprised
If DOW moves to 22888 and may be to 22922
today or tomorrow.
Wont rule out a wild move as well
DOW
Though able to sustain above 22800 but stuck around 22850 and hover around it for quite a lot of time. And so spent/wasted lot of energy hovering there, but was able to move above 22850 and closed at 22870, an ATH :happy:
 
BNF

Most likely zone between 24042 and 24142 will prove to be a no trade zone and only break above 24042 will give some mood for an upmove.
Not anticipating any move for breach of 24000.
sorry a typo

read 24142 instead of 24042 in line
"only break above 24042 will give some mood for an upmove."
 
For positional traders - 2 months - who are itching short --:)-- a good trade would be to keep a SL at ATH with a decent downside if the trade plays out.

Or

Wait until after Diwali, see if there is a right shoulder forming, and then keep a SL above the high of the shoulder.
 
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