Archive for the ‘Dow Jones’ Category

Dow Jones 30 Is Ready to Move Higher from Here $DJIA $DIA $SPX $SPY

September 19, 2012 Comments off

We still have a price target for Dow Jones 30 set on August 20: 13,748.

In the lower pane, haDelta is ready to cross above its SMA(3).

When it will close above the short average, the odds to hit the price target will be very high.


Dow Jones 30 Is Ready to Move Higher from Here $DJIA $DIA $SPX $SPY  9/19/2012


How to Beat the Market $SPX $SPY $DJIA $DIA

August 22, 2012 Comments off

Use heikin-ashi!

  1. Many say that the last two candles were a hanging man followed by a (kind of) shooting star. Normally, each one points to a top/reversal. When combined with the resistance @1,422, the top is a fulfilling prophecy.
  2. From a heikin-ashi perspective, we look only at the lowest pane, at haDelta and its SMA where we see bearish signs (lower peaks, a bearish haDelta crossing) inside a consolidation pattern (the symmetrical triangle).


  • A bearish confirmation is issued only when the SMA (red) will become negative. Until then, unconvincing selling.

How to Beat the Market? $SPX $SPY $DJIA $DIA  8/21/2012

Heikin-Ashi Price Target for Dow Jones 30: 13,748 $DJIA $DIA $SPX $SPY

August 20, 2012 Comments off

haDelta shows a clear deterioration of the index.

Despite this, heikin-ashi offers a price target of 13,748.

Stay tuned…


Heikin-Ashi Price Target for Dow Jones 30: 13,748  $DJIA $DIA $SPX $SPY

The Pan Flute Pattern $SPX $SPY $QQQ $DJIA

August 14, 2012 Comments off

The pattern is valid only on heikin-ashi charts and is associated with a very tight coil.

Like any other pattern it requires a confirmation although haDelta (the canary in the mine shaft) points to a bullish development.

Same pattern appears on $DJIA and $QQQ daily charts.

The Pan Flute Pattern $SPX $SPY $QQQ $DJIA  8/13/2012

Dow Jones 30 (follow-up)

January 4, 2012 Comments off

The last post ( ) showed DJ30 in a bullish position for the first trading day of the year.

The result? +1.47%.

How does the index look today? On the edge, with a positive bias:

  1. haClose is still above the short moving average (red)
  2. haDelta is still above the support line but with a doubt



Dow Jones Industrial Average Looks Good

January 1, 2012 Comments off

Even for heikin-ashi charts, a (short) moving average can be used as a filter.

In this case, as long as haClose (12,251.0) remains above the SMA(haClose,7) DJ-30 can be considered bullish (upper pane).

A bullish sign for the index is the recent reversal of haDelta (yellow, lower pane).


Dow Jones Industrial Average Looks Good 30/12/2011


Setting the Stage for a Market Fall: AA

November 17, 2011 Comments off

The clue is the failure of the SMA(3) to go positive.


Setting the Stage for a Market Fall 11/16/2011 Alcoa

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