DOW

1 hour view... spot a few things...

dl.dropboxusercontent.com/u/40497882/dow_02%20may.JPG

dow = 15100 approx .162ext of int i

1614/15 = approx dow 15000

spx 1614 key area break n close next stop upto 1625. if bust thorugh 25 then omg 1668 next up

1614 few fibbo's there.....

Here is the updated 4 hr chart, played out perfect - 1st cnh target hit and note how it respected the channels - holding it and breaking out of the median line and testing the upper mid channel of ~14100, i expect dow to pullback to retest break area ( grey lines / nr median line) and go on to re-test the recent high and go higher....

all imo - dyr

dl.dropboxusercontent.com/u/40497882/Dow_06May_4hr.JPG

Debt ceiling seems to have slipped under the rador. This article seems to suggest there may not be an impact until the autumn.

www.guardian.co.uk/business/2013/may/09/...xpayer-national-debt

dow 1 min chart - spx hit 1635 - see further commentry on ftse thread....

Here that channel view again.... what the fork !

dl.dropboxusercontent.com/u/40497882/dow_channel_may14.JPG