DOW

The long range view from the weekly chart.......

dl.dropboxusercontent.com/u/7238706/DJ%2...STRIAL%20AVGwkly.png
....if the current move doesn't extend this chart is showing completion between 18,567 and 21,422. Then we would be looking at a PULL-BACK - yes, the capitals were intended - this will be mega: my chart is only showing the last leg from 6,470 and you can read the 50 - 61.8% fibs for yourself. If, and it is a big if, it retraces the entire move from way back, then it is probably the end of the world, so we wont go there......but this would be a good time to be 'in cash'.

The Daily.......

dl.dropboxusercontent.com/u/7238706/DOWdaily.png

and the hourly looking at today's business....

dl.dropboxusercontent.com/u/7238706/DOWhrly.png

There seems to be a tug of war between the bulls and bears to close above 16250

update chart from last post looking bully imo, just need dow to catch-up




dl.dropboxusercontent.com/u/40497882/Wal...28DFB%294hr28feb.png

also spx





WS

WS,

I'm not so sure it's a question of the DOW catching up; more a case of the DOW in a 5-way move whereas the 500 is in a 3-way move. This gives a different feel to the moves, imho. Whatever, I'm sure you're right in being bullish

Dow has not made a new high yet, spx, ndx etc all have, Dow will need to eventually do the same to quantify the move off the lows as a continuation of major 5 of primary 3

Agree 100% WS, but the DOW is still making stellar progress in the wave 5: over 1000 points since feb 5th. Kiev willing, a new high cannot be far away