Dow daily 18/06/13
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I had the Dow Jones in a wave 4 pattern and posted that it may have ended at the 14844 low. I've changed my mind on this and now think we're in wave B of 4. I'll be looking to go short at 15409 if it gets there today. If not the target price will drop for tomorrow's cash chart. I'll have stops in place of course.
Wave 4s do usually cause this confusion as they're the main battle area between bulls and bears hence the violent moves and uncertainty.
Remember, index trades carry a great deal of risk unless managed very carefully. Leverage is high and the Dow can move 100s of points in less than an hour someti
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