DOW

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.

I've just done a little study of the dow and came to the conclusion that this move up is minor wave 3 of intermediate (3)of Primary ((5))

I tried lol

Im long on the dow with a 40 point stop from here...


dl.dropboxusercontent.com/u/4899609/dow5thjuly.png

Dow above the 15083 - will it close above?
lets see!!

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