DJIA and Nasdaq 100

DJIA and Nasdaq 100 for 18-10-2010 (Monday)

I was in KL Bursa Malaysia yesterday and we had a very successful talk by Sifu DAR, and met many ignited associates and we have taken home a lot of message of wealth from Sifu!

Keep the Right Focus in Your Life!

DJIA
Closing: 11,062
Strong Resistance: 11,257
Current Resistance: 11,155 (X)
Current Support: 10,920
Strong Support: 10,750

DJIA is currently trading in range (consolidation) and our beloved uncle Ben has once again lifted up the market last Friday, DJIA still capped below 11,155 (x), highest DJIA reaches 11,141 and formed a reversal candlestick pattern on 30M, 1H and 4H chart.

I believe the market will continue to head up on Monday (small range), for associates who has attended our Professional Trade Master program, you will see a good pattern on 1 Hour chart that support our view.

For Intraday PW traders, if 11,155 is not violated, you can find a good spot to short DJIA near Friday High.  Initial Target is 10,910-50 region.  You can stay at the sideline if you are not sure.

Please observe the fundamental news, as we suspect IF US government launch the next stimulus package, it may awaken the bull and the next top it will head to test 11,850!


Nasdaq 100
Closing: 2,097

Who has a long position on Nasdaq 100?
I have stayed sideline with Nasdaq 100, we have marked Nasdaq 100 strong resistance level of 2,060 for weeks, and Nasdaq 100 has convincingly broken above this high with a long white candle last Friday.

I just flip back my trading journal and I recall this Long call by end of September (3 weeks ago), Long at 1,998 and TG 2,060.

PowerWave, APSRI traders proven trading method from Sifu DAR is simply too POWERFUL and Unbelievable at first, Convinced second.

Please Don't believe what I say, come to KL Professional Trade Master program end of this month (Oct-30 to Oct-31) and let Sifu DAR show you our trading method, and prove it to yourself.

So, what's next?
Same view with Sarah, Nasdaq 100 has break above 2,070 and it is going to head higher to 2,150.

Trading Idea ( ProTM Fibo Range): to Long Nasdaq 100 at 2,043, SL 2,033, TG 2,087.

Have an empowering week.

-Ayumi-