DOW

bottom number hit 110/80

WaveSurfer wrote: any move abv yesterdays high (tagged the top end of the channel and broke down) then this wave will start to look impulsive...a break down below 187>157 > *15110/80* > 15030 then almost certain wave B completed at the recent highs... should 15157/110 area hold and bounce then that will setup the right shoulder.... key level.

should the inv H&S form and play out then target is approx 15500+

assuming wave B = 15300 close to 61.8% retracement from lows.
on WAVE A = WAVE C = 14600

dl.dropboxusercontent.com/u/40497882/dow_channel_Jun11.JPG

rgds WS

bang bang

may get a bounce then look for yellow highlighted areas 110-157-187 zone....more down to come imo.

short the bounces/rallies.

spx 1414 under pressure...

Wave C.


dl.dropboxusercontent.com/u/40497882/dow_channel_Jun12.JPG





rgds WS

The dow has rallied hard today. Theres a 123 formation on the dow forming and once it breaks above 15305 then it could mean the highs being taken out again.So the main area to watch is 15305 for the breakout.
Early signal will come once 15241 gets taken out.

So up above 15241
down below 14953


dl.dropboxusercontent.com/u/4899609/dow13thjune.png

S&P was the Daddy yesterday remo:



dl.dropboxusercontent.com/u/20815047/FTS...500daily13_06_13.gif

Perfect trendline play. I think we're in wave 3 of 5 of Primary 3 now. As you say, needs to break the lower highs to confirm.

The level to watch on the dow for today are:
up above 15206
down below 14953


dl.dropboxusercontent.com/u/4899609/dow17thjune.png

If the dow can take out 15206 during market hours then it should head towards the 123 low breakout level at 15301. Once this is cleared then the up trend would resume and not before.
So the most important level to watch is 15300

update chart - no change in view, still expect lower lows as per previous post's.

dow @ key zone in futures market. 14975-54.

wave C




dl.dropboxusercontent.com/u/40497882/dow_20June.JPG

rgds WS