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TOPIC: DOW

DOW hit 200ma 27 Feb 2020 10:59 #601

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getting dumped.... :evil:
good call Remo!
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DOW hit 200ma 26 Feb 2020 19:31 #602

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Bulls vs Bears shootout....
Watch the last hour imvho...
Rally and it’s the end of this p/b
Sell off and this dump is going to get real nasty ....
I still think this is going straight back up... but let’s see...27000 is the key number in my opinion and it looks a bear trap break below today....

Atb
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Last Edit: 26 Feb 2020 19:33 by Trendfriend.
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DOW hit 200ma 26 Feb 2020 18:16 #603

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Screenshot_2020-02-26-18-19-57.png



Screenshot_2020-02-26-18-15-10.png
Last Edit: 26 Feb 2020 18:22 by MRA4.
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DOW hit 200ma 26 Feb 2020 17:20 #604

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The Dow just respected its 200 ma and turned down rapidly....was up 400 points and now almost negative...
I added shorts with a 100 point stop....lol....
It respected technicals perfectly...
Sorry away from computer...would have shown charts....will post later...




You can see the horizontal support of the gap and the 200ema at the same point gave this area major resistance
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Last Edit: 26 Feb 2020 19:24 by remo.
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DOW possible breakout coming??? 26 Feb 2020 11:24 #605

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DOW possible breakout coming??? 25 Feb 2020 22:39 #606

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dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...ta3zHMxVGAiI6UjSE%3D

Lets see if this trendline holds...i think it will imvho ;)

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DOW possible breakout coming??? 25 Feb 2020 20:43 #607

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Information Purposes Only, Do Your Own Research
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DOW possible breakout coming??? 25 Feb 2020 07:41 #608

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dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...8Q31BCES%2FowitAk%3D

Huge gap down below the Aug trend channel....which is giving the bears strength....
27489 is the key level....if that goes....could see real panic

Until then this could easily bounce back imvho.... ;)

lets see...
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DOW possible breakout coming??? 24 Feb 2020 11:14 #609

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This could be the day that starts the bear market off."?.....
Dow coming down 850 points currently.....
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DOW possible breakout coming??? 08 Oct 2019 13:29 #610

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I think this index is getting ready for a down move soon....but I’m suprised it’s still so high considering how long this bull market has been going..
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DOW possible breakout coming??? 04 Oct 2019 11:50 #611

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dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...Fiowc9U3qkNi1rDog%3D

Just looking at this....
Perfect trend channel bounce yesterday...totake it back above the key 200 day ema line...

Is this current p/b over?

I'm not a convinced Bull atm....in fact if your long you would be nervous imho...

Is that not a island reversal??
was the rally yesterday just a retest of the 200 day ema line?

I think this is going down further imvho...i'm watching it closely, waiting to see if that channel does break down...25750 i make the level.... ;)
so a lower low could well be the signal to short the brains out of this imho... :evil: :angry:

What do you folks think??

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Last Edit: 04 Oct 2019 11:53 by Trendfriend.
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DOW possible breakout coming??? 04 Jul 2019 13:34 #612

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This looks like its gonna breakout???
one to watch
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Last Edit: 04 Jul 2019 13:35 by remo.
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DOW..possible 123 high formation 29 May 2019 14:35 #613

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i was in a rush earlier...the numbers are no correct...i will get these numbers right at some point : lol :lol:

200 day ema line at 25357....and this has just gapped below that level...

the 1,23 high...or lower low level is 23218....

atb, wdik, dyor,
trendfriend...
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DOW..possible 123 high formation 29 May 2019 13:16 #614

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dow - daily. (the 200 day ema line feature on the daily is actually 23318, not 23218 as printed on the chart)
uk.advfn.com/p.php?pid=chartscreenshotsh...zymGig3t9Thvuerkg%3D

watch this today(and this week)2 key levels being tested.... :whistle: :pinch:

inevitably the ftse will follow....this can off course bounce from here...but the setup looks bearish big style...

i'm all cash atm...mainly because i keep getting stopped out over last few weeks! :sick:
think might be wise to wait for a big p/b before getting on the long side on stocks again?

lets see how she rolls...

atb, wdik, dyor,
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Last Edit: 29 May 2019 13:18 by Trendfriend.
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DOW..possible 123 high formation 27 Dec 2018 06:25 #615

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Dow Jones up by 1000 points ...!!!
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DOW..possible 123 high formation 04 Dec 2018 20:51 #616

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Down 800 points now
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DOW..possible 123 high formation 23 Nov 2018 12:06 #617

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DJI-Daily_2018-11-23.png



DJI-Weekly_2018-11-23.png



broken the Trend line from 2016, but then went up above it & tested it again, will the trenline hold againg? double top Jan18/oct18
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DOW..possible 123 high formation 28 Oct 2018 12:45 #618

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Dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...cXLEPeKxo9Hg+Ev3ib8=

well this is intriguingly poised....i thought it was going to get a real stuffing on Friday...but it actually rallied a tad, but is was still off some 300 points....and it's certainly not out of the woods yet...but i think caution in taking positions here fornow, while we get a clearer direction for this week...

Will it go up or down now?? :unsure:
Bulls will point out a bullish div on the rsi...and this has already dropped approx 10%...so maybe back up now?

Bears will point out the l/l , and the first real close below the 200 day ema line for around 2 years...
I think as things stand, its a little bit in no man land atm...a rally back above the 200 day ema line...and off we go again...
A new lower low...calls for a continuation of the downside imvho...

atb, wdik, dyor,
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DOW..possible 123 high formation 26 Oct 2018 17:37 #619

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It’s battling with the trend line based of the spreadbetting charts currently..A finish below the trend line could send this a lot lower...But a finish above could signal a move back to test the 200ma again...
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DOW..possible 123 high formation 26 Oct 2018 15:02 #620

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Big dump on the way imvho...certainly looks set for it... :ohmy:

270 or so points down atm....i think it could well be 1000 points down by the close.... :huh: :sick:

Black Friday today....

atb, wdik, dyor,
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DOW..possible 123 high formation 26 Oct 2018 13:52 #621

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Yesterday this back tested the 200 ma perfectly on the Dow based on spredbetting charts, normal charts also finished below .

Interesting day ahead for the Dow.
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DOW..possible 123 high formation 23 Oct 2018 14:44 #622

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A little off topic, but I don't like how the Nasdaq Composite
.IXIC (INDEXNASDAQ) has broken it's trend line & today's open it is dropping quite a bit!
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DOW..possible 123 high formation 23 Oct 2018 14:12 #623

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dow - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...KfOZi1c5hnxnTE1nLbo=

off cousrse we must wait to see how this opens....and trades today...
going by the futures atm....this will gap below the 200 day ema line line currently 24971....as well confirming a 1,2,3 high/lower low...as remo pointed out below...that in itself is indicative of whats to come here... :ohmy: :pinch:

while below the 200 day ema line...no longs here...only selling the rallies imvho...

lets see
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DOW..possible 123 high formation 23 Oct 2018 07:31 #624

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There is a massive 123 high formation on this.
24896 is the level to watch on this as a break below this and down she goes.
I’ll post chart latter as away from computer.
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DOW 11 Oct 2018 20:04 #625

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dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...X8iCN7xXaCGKW8NUM%3D

the trade was the short to the 200 day ema line....on the break of the wedge/channel form yesterday...then long again at the 200 day....
the short bounced off that level almost perfectly....

question is will that level hold??? im not confident with a long here tbh...

i got a feeling this last hour will be nasty imvho...lets see

atb, wdik, dyor,
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Last Edit: 11 Oct 2018 20:05 by Trendfriend.
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DOW 11 Oct 2018 14:45 #626

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where is the DOW in regard to Elliot waves? Have we Completed all the 5 Major UP waves back from 2009 or are we in the last leg up still?
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DOW 10 Oct 2018 19:20 #627

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dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...7QSdvFRDO6D2Fsw7Q%3D

this has broken this channel from july...and the 50 day ema line today....could well possibly fall another 1000 points in the coming days to the 200 day ema line...
so while below 26035... most likely more down side to come here....

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Last Edit: 10 Oct 2018 19:21 by Trendfriend.
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TF-DOW 21 Mar 2018 20:48 #628

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My dow chart pretty simliar to yours TF

As long as its not a big bear trap then lower we go ...


2103DJI-Daily.png
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TF-DOW 19 Mar 2018 14:18 #629

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dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...FTt5xbKB4KQfv86Qk%3D

not very good imvho....
It should by all intents and purposes go down for at least a LL.... ;)
so below 23350.... ;)
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TF-DOW 13 Mar 2018 22:58 #630

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Yep, exactly right LTV.....

It's a bit of a pivot level....and the 20 and 50 day ema lines are around that area.....which in themselves act like pivot levels...

Closed bang on 25,000 today....intriguingly poised.....currently in a triangle, and whichever way it breaks should result in a decent move in that direction imvho....

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TF-DOW 07 Mar 2018 16:03 #631

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DOW Daily.

TF,

I have yesterday's high at 24,995, why was 25035 important please :whistle:

Is it because it failed at the EMA20? :unsure:
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DOW - MRA4 02 Mar 2018 19:57 #632

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I think we are heading toward the main trendline Area & fib retracement levels, Below main trend line Level would be an area of concern, if there was not a bounce back upwards.
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DOW - MRA4 01 Mar 2018 18:46 #633

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RichB,

What are your targets for the FTSE? :whistle:

Dow looks like it's taking a hammering again, can't post a chart. :S
Last Edit: 01 Mar 2018 19:16 by longterm_view.
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DOW - MRA4 01 Mar 2018 16:47 #634

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I'd be interested to know too .. Ive got some ideas for patterns for lower targets on the Dax & FTSE nothing yet on the DOW ...
Last Edit: 01 Mar 2018 16:49 by Richb.
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DOW - MRA4 01 Mar 2018 14:14 #635

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MRA4, I believe this is Wave C, what do you think? :huh:

Do you have a projected target? :whistle: I'm thinking around 21,500.

Although there is a problem with this, if it does get to 21000/21500, we have dropped 20% from the high, which I believe puts us in a bear market. :silly: Does this compute with Elliotts Wave Theory?

DOW Daily

Looks to be breaking down again.

It's broken it's daily uptrend line.

DJI-Daily_2018-03-01.png
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DOW 22 Feb 2018 20:59 #636

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MRA4, thanks for that mate, made my simple chart look very childish! :P ;)

Glad we are on the same wave length. :whistle:

I agree, I thought we were in a ABC move, current wave down to around 21000/21500, Wave C.

Going by this, do we still have 2 main waves until the big drop? :dry:
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DOW 22 Feb 2018 18:01 #637

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I think we are Currently in a corrective wave "ABC" of the Major Wave


DJI-Weekly.png



rt7.t.prorealtime.com/ProRealTimeNew/dis...crreh8zql9f&type=png

61.8% bounce back on the Daily


DJI-Daily.png


rt7.t.prorealtime.com/ProRealTimeNew/dis...56zjc29ryek&type=png
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DOW 22 Feb 2018 13:19 #638

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Got bored waiting, answering myself, that's sad. :whistle:

He's a simple chart to show the extent of this move.

Perhaps I have Elliotts all wrong, but it looks good to me. :woohoo:

DJI-Daily_2018-02-22.png
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DOW 21 Feb 2018 15:17 #639

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Looking at the chart below and reading a very limited amount on Elliotts wave before my head exploded :woohoo: :woohoo:

I can't see an ABC move from the 2009 low, I can see minor corrections, which would imply the ABC moves in the lower frames, but I would have thought there would be an BIG ABC move?? :S

DJI-Daily.png


Any ideas?
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DOW 07 Feb 2018 17:40 #640

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kerching.... :P :cheer:

that went well....

i'm looking to short if we get below 25096....stop above today's high....
dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...NIjlEnznky0s5IWK8%3D

50 day ema line is the key here imvho....and i think this down move is not quite over yet....

atb, wdik, dyor,
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Last Edit: 07 Feb 2018 17:43 by Trendfriend.
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DOW 07 Feb 2018 10:46 #641

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dow daily. (trading hours only)
uk.advfn.com/p.php?pid=chartscreenshotsh...VXp9uth6mM6y0ikuI%3D

I would only be comfortable with the long side here on a break above 24947....close above 25100 confirms the upside view
stop below 23780.

so basically looking for a higher high, as the bar has been set for us yesterday.....important not to jump the gun here imho..... unless you likle to gamble! lol....

drop below 23800 calls for 23000 > 22000> 19500 (area)

be lucky folks,
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DOW 06 Feb 2018 13:14 #642

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Thank you. :)

A 15% correction from the high, would be around 22600, 2 forms of support. :P

That'll keep us all watching those figures. :whistle:
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DOW 06 Feb 2018 13:00 #643

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The short term trendline is at 23600 ,this is the level to watch as a break of this and the index could head down towards the 200sma which currently stands at 22721 and would also open up a test of the main trendline which is at 21900 area. I would be going long on a first attempt of the main trendline and also the 200sma.



This bounced of the 23.6 fib level perfectly yesterday.
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Last Edit: 06 Feb 2018 13:32 by remo.
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DOW 23 Mar 2017 14:22 #644

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I was thinking similar with the S&P500. I like the look of the lower high and subsequent sell off. I think the UBS guys had 2350 as trendline support. Be interesting to see where today closes.

Already short,
M
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DOW 21 Mar 2017 20:27 #645

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possible 123 high formation?? or maybe the subwave 4 ive mentioned earlier.
I'm gonna short on a back test of 20777 if it moves there over the next few days on a first attempt basis during market hourswith tight stops of 50pips.


dl.dropboxusercontent.com/u/4899609/dow21stmarch2017.png



dl.dropboxusercontent.com/u/4899609/Scre...03-21%2020.53.09.png
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Last Edit: 21 Mar 2017 20:55 by remo.
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DOW 03 Mar 2017 14:58 #646

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very tempted to short with stops above the high but thats over 170 points. But i wont take the risk as i only ever place stops 50pips max... :(
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DOW 03 Mar 2017 14:51 #647

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its gonna take some thing special to push past that channel top resistance which goes back a long time.
im not shorting just yet as have a wave 4 subwave to come and maybe a last wave 5 sub to re-test the channel lines again.
But would be nice to see a another gap down so as it forms a island top like food4thought mentioned.

dl.dropboxusercontent.com/u/4899609/dow3rdmarch2017.png
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DOW 03 Mar 2017 09:13 #648

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Gap at open? Island top? Exhaustion. Certainly dark cloud cover


DJ30IndustrialAvgIndex03.03.17.png
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DOW 27 Feb 2017 10:22 #649

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Richb wrote:
Do you see a wave 4 on the weekly back down before that top area you've mentioned Remo ?

Wave 4 has completed already based on my counts. The chart I posted was a monthly chart so as I could fit the whole chart on to screen. And I'm talking about the primary waves and not any sub waves.
So not certain what your asking?
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DOW 26 Feb 2017 17:46 #650

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Remo this is what I was thinking
wklywavesdowandtopDJ30IndustrialAvgIndex.png
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