DOW

www.dropbox.com/s/7kk0lr9ysbkmioj/Dow%20...%20PM%2024.10.12.gif

This is approaching the short term trend line on the hourly chart.
Im gonna go long at 12950 with a 30 point stop.



dyor

looks like 5 wave down from recent high to lows in a wave "a", followed by a "b" wave rally - current and final "c" wave to follow imo.

in addition 5 clear impulsive waves from 16th Nov...

will post chart

illustrative view... dl.dropbox.com/u/40497882/DOW_1HR_5DEC12.JPG

WaveSurfer wrote: looks like 5 wave down from recent high to lows in a wave "a", followed by a "b" wave rally - current and final "c" wave to follow imo.

in addition 5 clear impulsive waves from 16th Nov...

will post chart

i still go with the current B wave rally for now , although any move north which is very possible, maybe a close above 1421/24, then id go with C being done this morning... all to play for

i wouldnt be surprised to see 13148 v.soon

great day...

1421/24 spx - 13150/70 dow

WaveSurfer wrote: i still go with the current B wave rally for now , although any move north which is very possible, maybe a close above 1421/24, then id go with C being done this morning... all to play for

i wouldnt be surprised to see 13148 v.soon

great day...