DOW

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

np - yes i recall u mention the polish classes... hope its going well...

post me cash chart with standard macd n i'll highlight the area's - i assume 1hr is now -10 ?

21/24 June & 4th July....

Like you guys, I have been in this move from ~15220 with target @ 14300 or the 200sma on the Daily, whichever comes first.




I do think a bounce at this level on the daily chart is possible though as both 100sma and the 23.6% may provide some sort of resistance, even if it is soft or intermediate. I think it fits in with your counts possibly.

Fully expect further moves down, maybe even past 14300, but that is where I will be happy taking profit. If the market gives me it of course.

WS - sorry, no, I don't remember the dates. Also not sure about what you're referring to with the MACD.

Sorry to be a bit slow - my brain has boiled this week with it being >30C in the shade, starting intensive Polish language classes and almost no sleep.

I did have orders to go short yesterday at c. 15400 but sadly missed this move.

u bet - here's tip - just observe the MACd on 60min chart and look left to last int correction back in nov12...

J - you remember those 2 dates i gave on chat ?

note the macd level in particular and the setup