TMS: Dow Jones 11000 or 10000? Yawning!
At TMS this question has been answered on numerous occasions throughout this year of 2010! So why is the question being asked once again? Because whilst the optimistic one has been expecting major rallies past the 2010 highs and the pessimistic one has been expecting a crash to 2008 lows, we've been expecting neither! At TMS our system has been safely issuing buy & sell signals whilst also catching counter trend short term moves in a range bound market. How has this been possible? Well simply we've been able to recognise that so far this year the price action would unfold in a whipsaw environment - up/down, range trading environment.
So when the market sits at 10500 where does it head? Will the market visit the highs or the lows? This time we have to state that both are probable at this stage. Although we favour the upside scenario more at present as simply our systems were issuing buy signals during the early days of July.
However the risk element is greatly different. The market has more upside potential but buying at these levels is obviously not the same as buying at the lower levels we had seen.
Will the market simply stall at 10600? It just cannot be as simple as a double top, therefore TMS would expect a move higher but we would expect a test of 10600 should the market move above this mark.
As we're opening the month of August, we wouldn't be surprised if the Dow just rallied up higher so that it can mark out an optimistic trap to create further upside belief in the market. We would want the Dow Jones to overall head towards 10900ish as noted by the red line which shows how the market hit these levels straight after the FLASH CRASH in exactly the way we told our members! We would now want the market to move higher in similar fashion.
Please be warned though, as mentioned before the risk to reward ratio's from a position signal trading perspective have changed drastically and now although we're not suggesting that one should dump all longs however we would like to inform you to look down again. The market could grind or surge higher temporarily but the downside risks will remain.
No of course we're not speculating a crash just like everybody else. We will however like to warn you of downside risks as upside followed by downside will only continue the range bound activities we have seen so far this year.
The year has been dire or simply difficult for many but at TMS our systems have produced signals for our members who are buzzing with excitement.
The first week of August could be a difficult one to tackle but we're sure we'll have fun at TMS as we illuminate the moves for members once again using our systems.
Dow Jones Long Term
So why is it that the financial global audience has been watching the markets and 'expecting' a crash but then a new low occurs only for a rally to emerge soon after?
Well firstly the key problem we have is 'expectation'. You can time the birth of a baby but timing the markets is a little more complex then child's play.
When expectation is involved heavily the market likes to annoy the majority and please the contrarian by doing the opposite or at least provide range bound activity where it basically frustrates everyone. In year 2000 we had some choppy action but in reality nothing was really happening as the market was range bound and at TMS we are not surprised with the similarities so far. Just when the crash talkers start to think of rallies or simply start to wonder if a decline will ever come that's when the market will be moments away from toppling. Seeing values of Dow Jones 4000 or 3000 is not one bit ludicrous. Timing this expected crash is what we find ironic. When it comes the characteristics will be shaping up and that's when we'll talk about it. For now we know it will happen but we won't bother wasting time as the chit chat is pretty pointless and that is why TMS has been catching the market right.
At this point in time we'll continue to witness the game the Dow Jones is playing....10000? 11000? 10000? 11000? 10000?....
Thank god we've been acknowledging this action since the early stages of the year.
Why don't you catch the moves with our TMS system which is evaluating, firing and exiting signals when the market moves are ripe enough to be taken?
At TMS we have just opened our live trading room where the signals are not just for the position style suitors but also for the intraday and short term traders! In the last few months we were issuing short term and intraday signals and with the success we have demonstrated it was apparent that TMS needed a live trading room!
With this in mind we have decided to execute an offer which will be valid only until 4th August 2010 so that you can obtain a chance to come on board and obtain our TMS system signals for Dow Jones, GBP.USD, EUR.USD, FTSE100 & Crude Oil. http://tradingmarketsignals.com/#/tms-annual-membership-offer/4542738012
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