Dowjones Bang on Massive Upside!!!!

We expected Dowjones to take support in the region of 14715/14700 & expected it 2 give a big bounce near to that or a big downside below the mentioned support level. 

Yesterday it made low of around 14719+ & closed around 14800 & today its currently up by 240 points thereby hitting 15043 & we got a massive bounce. 

The message was on Money Mystery facebook@ US Alert@ Dowjones is very near to its important support level of 14715/14700 an am expecting something big to take place, a big upside or a big downside from the mentioned level. Its a risk taking area. Last closed at 14776 (9.10.2013)

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Dowjones Bounced & Faced Resistance as presumed

Money Mystery: As predicted Dowjones bounced back and went on to kiss 12900/13000 from low of around 12472. As presumed it faced resistance around 12900 & correcting.
Dowjones will get strength only above 12905 as of now.

Dowjones@ Any Reason to worry???

Money Mystery: Dowjones as assumed remained very weak below 12985 and so far corrected around 400 points from there.
Going ahead I strongly believe that its going to get very strong support around the 12360/12300+- level and most likely will bounce back again where 12900 will act as a resistance.

Dowjones@ Any Reason to worry???

For me level of around 12985 will be the key level to watch out for Dowjones. Its the level above which Dowjones will remain strong and vice versa. Right now around 12922 when this message is posted.

Regards,

Manish Bothra,
moneymystery.blogspot.in

US Market Vis-a-Vis Nifty & other foreign indices.

We consider US market as the barometer of all market and considers its good health as good health for our & others market too. On 27th July when it gave a spectacular upward movement & crossed various important resistance, I wrote the following http://moneymystery.blogspot.in/2012/07/dowjones-spectacular-upmove.html it somehow signal rally in other market too which we saw.

I feel as long Dowjones holds around 12985 on the lower side there's nothing to worry as such for other market as well. Dow gets weaker only a closing below 12985/12980 & not before that in the immediate term.

For Nifty to move higher it need to cross the 5360 barrier and trade higher & gives a close above it. Else could correct again  & finds strong support around 5302/5280-5220-5170 and as long 5170 holds on the lower side there's nothing to worry and will be considered a buy on any sharp decline keeping in view the given support levels. Nifty gets weaker only a closing below 5170 & not before that in the immediate term.

Dowjones above 13113

On 27th july for Dowjones it was said that a closing above 13113 will make it further strong, last day it closed at 13117 and today it almost gave a upside of 100 points where so far it made high of 13216.
Most of the time Levels do Work.
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Dowjones@ Spectacular Upmove@ What Next??

When this message is posted Dowjones trading higher by around 200 points at around 13091 where it was facing tough resistance around 12985/13042/13113. Dowjones likely to remain very strong as long it trades above's 12985 and its likely to move further higher followed by the given resistance. A closing above 13113 will make Dow further strong where above that it could test level of upto 13370/13378-13450 & on the downside level of 13113/13042/12985 will act as major support. Weak below 12985 closing.

Dowjones bounces as mentioned earlier

On 1st june we assumed Dowjones to drift further lower from 12393 which was its last day closing & take support around 12150 & bounce and that's what exactly happened where it bounced from the odd 12100 levels to 12780 as of yet where going higher it will face series of resistance around 12985/13042/13113.


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Dowjones Nearing to its strong support level

Dowjones which last closed at 12393 got super excellent support around the 12200-12150 level so likely to correct further more and then a big bounce seen around the mentioned level. 


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Did you Noticed again???

Did You Noticed where Dowjones & S&P closed yesterday???


Dow closed at 13115.54 where our resistance level given at 12985-13042-13113,


Now as long Dowjones remains above the mentioned support level Its likely to remain fine & healthy.

S&P closed at 1390.78 where our resistance level given at 1370 -1375/1388.

Now as long it remains above 1370 its likely to remain fine & healthy.

Did You Noticed???

Did You Noticed where Dowjones & S&P closed yesterday???


Dow closed at 12986.58 where our 1st resistance level stands at 12985,


S&P closed at 1387.57 where our resistance level given at 1388.


Check out my previous messages on the same.

Dowjones

On Monday Dowjones closed at 12929 where on 15th March it was said that@
 Technically Dowjones will remain Strong as long it maintains its crucial support level of 13113-13042-12985 and will continue to move higher where it will face resistance in the region of 13370/13078-13450.(End)


Today so far it saw low of around 12729, fall of around 200 points, where earlier a few days back it saw high of around 13300.


On further downside it finds support around 12657/12609 from where its expected to bounce.

Dow Took Support At Mentioned Level.

Yesterday Dowjones closed at 13046 where just a few days back the support level was given at 13113-13042-12985

Dowjones

I prepared a chart for Dowjones on 4th Feb 2012 where I said " Dowjones at 12862, likely to move a bit more higher where on the upside it will face series of resistance in the region of 12985-13042-13113"
After much of hurdle it finally manages to close above 13113 on 13th March.
Now Technically Dowjones will remain Strong as long it maintains its crucial support level of 13113-13042-12985 and will continue to move higher where it will face resistance in the region of 13370/13078-13450

Predicted the Bottom for Dowjones in Jan Feb 2009