Level Extreme platform
Subscription
Corporate profile
Products & Services
Support
Legal
Français
DOW opens below 8500
Message
From
10/10/2008 11:23:27
 
General information
Forum:
Finances
Category:
Stock markets
Miscellaneous
Thread ID:
01354045
Message ID:
01354097
Views:
19
Not a floor, a support line.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:support_and_resistance

I mentioned that the DOW chart indicated a strong support line at 11k next stop was 10k and now we're testing 8k.

I don't believe I've ever called a floor. Feel free to correct me if I'm wrong.

Now as for an actual prediction it wasn't that long ago I said the oil trade was going to unwind. :)

>It wasn't that long ago you were talking about an 11,000 floor, was it?
>
>>lol.
>>
>>DOW over 8400.
>>
>>>You are almost as timely as the ticker with these updates!
>>>
>>>>Futures were down 400 pre-open, be on the lookout for a test of 8k today.
>>>>Oil opened under $80
>>>>
>>>>Panic selling has led to an interesting technical setup.
>>>>
>>>>Update : Just dipped below 8k...and back.
Wine is sunlight, held together by water - Galileo Galilei
Un jour sans vin est comme un jour sans soleil - Louis Pasteur
Water separates the people of the world; wine unites them - anonymous
Wine is the most civilized thing in the world - Ernest Hemingway
Wine makes daily living easier, less hurried, with fewer tensions and more tolerance - Benjamin Franklin
Previous
Next
Reply
Map
View

Click here to load this message in the networking platform