Dow

dl.dropbox.com/u/40497882/Dow29Nov.JPG

WaveSurfer wrote: Agree Remo, Looks like a test of the break of lower TL of wedge....

Agree Remo, Looks like a test of the break of lower TL of wedge....

Im trying paste a link to chart in dropbox however unable to..."function is restricted"

remo wrote: I'm still waiting to short this at 13070 area with a 40 point stop. Only during market hours and on first attempt basis

This still maybe possible for a day trade but i suspect you may have to close the position pretty fast.
I think the risks are to great to short this now. Only for the brave from that position.
If the dow goes higher than 13011 then that could be the 123 low as well so hence why im cautioning the short.
If you look at the chart you can see lower lows until possibly now.The 123 low will signal the first higher high since october.

DYOR

The dow looks like its going to start its up move now.
Its finished the day very strong. I suspect the Christmas rally has just started.

DYOR

I'm still waiting to short this at 13070 area with a 40 point stop. Only during market hours and on first attempt basis