DOW

forgot to add dow EOD...

dl.dropboxusercontent.com/u/40497882/Dow_EOD_23June.JPG

Updated 1hr chart. worth looking at oversold conditions on major timeframes, +div and candlesticks prints.... MRA4 - i have current move as major 3 of primary 3 still in play, i see a potentially big move coming next week and it looks like up imo. key will be market holding abv weekly low and moving abv at a min on a closing basis approx of 15050/15110.

spx 1578 & 1622/28 key to watch

also ftse daily candle looks interesting ( doji on futures & inverted hammer on cash at the current level and imho could represent a good risk/reward on the long side, still expect ftse to make one more higher high once this down move has bottomed out (i think its happened or very close to it) and the next high is likely to be the top for ftse.


dl.dropboxusercontent.com/u/40497882/DOW_1hr_wavev2.JPG




all imho

Cheers WS

WaveSurfer wrote: for those that like to surf the waves

NFP double barrel sword today... good numbers then more noise abt fed tapering, bad numbers then the noise is quelled for the time being....

dl.dropboxusercontent.com/u/40497882/DOW_1hr_wave.JPG

On the Daily I can see Cloud support & a trend line support
c.rt7.t.prorealtime.com/ProRealTimeNew/s...292aaac8262e94cb555e

Trying to understand if we are still in the main wave 3 of 5, looking at the weekly chart back from march 2009

c.rt7.t.prorealtime.com/ProRealTimeNew/s...2e74001dc20c2c7b2d5b

updated chart from this morning.... a rally abv todays futures high be a good start and then we assess the moves from there on in... number of pips it rallys n pullbacks and so on....

also asc tri break out from 14802/06 on smaller timeframes





dl.dropboxusercontent.com/u/40497882/dow_21june13v2.JPG

hmmmmm.... up imo - dyr, spx 76/77 satifies A=C scenario at a minimum, + div at that level and the biggest rally of 17/18 pips from todays lows, along with candles...

requires confirmation..... and not out the woods yet

cheers WS