DOW

MRA4 wrote:

I see on the daily chart that the Dow is Currently sitting on the trend line & ichimoku cloud support

rt1.e.prorealtime.com/ProRealTimeNew/dis...ib47xqnc227&type=png

Spot on MRA4
The only concern I'd have is the fact that it finished right near the trend line.That opens up the possibility of a breakout?
Normally prices would bounce off hard if the trend line was to have a impact on first attempt. This did bounce of it during the day but latter re-testing it. So best just stay on the side line to see what happens over the next few sessions relating to the Dow.

I see on the daily chart that the Dow is Currently sitting on the trend line & ichimoku cloud support

rt1.e.prorealtime.com/ProRealTimeNew/dis...ib47xqnc227&type=png

Hi Folks it's been while since i posted on dow thread, most updates i have given via the chat facility...

here is the updated chart and the current count i have for the DOW.

Major 4 has begun and it will be complex in nature. expecting Dow over the course of the next 3 weeks or so to hit the region of around 14300/600. we see nearer the time for more accurate area's.

current move i have is a minor A of Int A of Major 4, possibly completed yesterday, it also put in +div.

may see a possible minor B wave rally on the cards, short into strength imo.

Long Term count Major 4 of Primary wave III




dl.dropboxusercontent.com/u/40497882/DOW_1hr_wavev3.JPG

regards WS.

this broke out but since have fallen ...was a free trade thou so should not have lost...
but there could be another day trade for a first attempt coming
Ive got my long ready to activate at 15513 with a 25 point stop.
this is a short term trend line bounce play on a first attempt basis.

dl.dropboxusercontent.com/u/4899609/dow31stjulyintra.png

The level to watch today is 15606 as a break above this could send this flying.
If you look at the chart you can see the dow going sideways with a lot of indecision.
Sideways move is needed to build strength to go higher.


dl.dropboxusercontent.com/u/4899609/dow31stjuly.png

Hi WS,

Can I ask, i'm confused by this count, as we go from one kind of count (subwave or 2 degree's down from your primary wave) into one degree of wave up if you get me - like you jump from i,ii,iii to 1,2,3 in the next wave - but I thought i,ii,iii,iv,v makes a 1 - then wave 3 is made up of another set of i,ii,iii,iv,v.

Then a full set of 1,2,3,4,5 makes a Cycle wave I and so on?

WaveSurfer wrote: GC - as discussed on chat - here you go high level waves.....NO OVERLAP.

the Power of 3

current count Minor 3 of intV of Major 3 of PIII

dl.dropboxusercontent.com/u/40497882/dow_weekly_waves.JPG

rgds WS