DOW

early stage of minor wave 3 on intV of major 3......so plenty of upside to go imo.

update chart.




dl.dropboxusercontent.com/u/40497882/dow_1hrWaves_6July.JPG

WaveSurfer wrote: personal view point is dow has made an intwave 4 bottom and now intV of Major 3 of Primary 3 in progress.

dl.dropboxusercontent.com/u/40497882/dow_1hrWaves_4July.JPG

Rgds WS

WaveSurfer wrote: Dow futures hit within a few pips to the target initial target level 14848, if this level gets smashed through then 870 /900 next up.

WaveSurfer wrote: If the dow can continue to at least rally to 14900+ or spx 1604 then likely the low has been put in and will likly confirm a wave iv low @549

Watch >590 >652 > 680 > 714 > 752/4 > 848 area on Dow today...

cheers WS

This should be a free trade now...

PS Look for futures to come to c. 15033-54 and bounce before US open on Monday.

Cheers mate, was getting confused trying to work out which one it could be. I also used one of your blog charts (with fibs) to work out an initial target of 15562. I think I may have got ahead of myself with this one though and gone off the mark.

and close the gap to boot. big up !

Today's drop to 14967 was wave 2 of 3 up from 14550 imho. 14967 was the 61.8% Fib of the rise from 14820 to 15185 (futures prices) which I have as wave 1 of 3 (of 5).

Amo - I think you're right except it should probably be Major 5 not Primary as I think we're in Primary 3.