DOW

GC - sounds abt right....

J - yep you guessed right.... here modified..

dl.dropboxusercontent.com/u/40497882/DowhourlyMACD.jpg




rgds WS

Jackozy wrote: Cheers WS.

I'm guessing you're referring to the "double dip" in MACD lines back on late Oct and early Nov 2012? Here's the hourly chart (sorry about the buy/sell triggers):

dl.dropboxusercontent.com/u/20815047/DowhourlyMACD.gif

PS The classes are very hard work - languages are not my forte!

Wavesurfer,

I think I am thinking along similar lines to yourself - posted this earlier elsewhere.

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"Seems to have bounced here at the 100sma as suspected.

dl.dropboxusercontent.com/u/63552262/Cha..._DAILY_-_21-6-13.png

I think a retracement to 14965, 15030/50 or 15110 (key fib levels with some S/R levels to boot - as per 4H chart below) is on the cards before another leg down.

dl.dropboxusercontent.com/u/63552262/Cha...W_-_4H_-_21-6-13.png

Some of the guys who use EWT may have an opinion on that."

Cheers WS.

I'm guessing you're referring to the "double dip" in MACD lines back on late Oct and early Nov 2012? Here's the hourly chart (sorry about the buy/sell triggers):



dl.dropboxusercontent.com/u/20815047/DowhourlyMACD.gif

PS The classes are very hard work - languages are not my forte!

updated chart - dow futures currently up (leaving a gap from yesterdays close) and could stage a rally (oversold) to the retracement levels highlighted - usually these have been approx 50-70% and sufficient enough to close the gap around 15110 (spx 1608-20) levels but before that 14960, 15050 area....then i'm expecting last final wave down to complete this correction to around 14400/500 levels for now.

could be volatile today with triple witching and opex....

dl.dropboxusercontent.com/u/40497882/dow_21june13.JPG




WS

nice GC -150/200 pip rally from here then your target possible .....14440/500 1st