DOW

screencast.com/t/kQtaOqzda3




So, where will it turn??

Equal legs from the low at 10404 and it could run all the way up to 14,969; 76.4% would see it to 14,277.
If we are looking for an expansion from the wave (A) from 12,035 then 100% brings us to 14,098, very close to the all-time high?
The best scenario? For me, maybe wait for 5 swings back on the 15minute chart before getting involved: catching this top could burn the fingers and it has a long way to fall.....

yep and guess where my inv h&s target on the daily take the dow to ?

14200 ish.

will pop a chart later on.

I too think it will overshoot it's high as it seems every man and his dog is waiting to short at this level.

I will bet small on first attempt and see how it plays out.

I have a sneaky feeling that today may be the day!

I have a small SHORT position open from 13976 which was the high on 30th of Jan.

My SL is 20 points.

My entry was based on divergence on 4H chart + yesterdays candle making a LH and a LL

1 Pez 1 wrote: I too think it will overshoot it's high as it seems every man and his dog is waiting to short at this level.

I will bet small on first attempt and see how it plays out.

Everyone knows of this level.
But how are they going to trade it???
Im going short on first attempt only as thats my style of trading.
Everyone has a different style and a lot of people dont short.
A lot of people will try and catch the breakout to the upside(most beginners).
so its not really that clear as i know of a lot of people that wants to go long.
Most people on this board knows what im planning
Im planning on going short with a 40 point stop just incase.

so my point is even thou people know of the high on the dow what are they going to do about it.
I bet its a mixed bag.