DOW

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

It's exactly the right sort of area for a bounce to form wave 2 of C too if the target area for the low of C is c. 14500ish

i see 5 waves down, 886 worth a long scalp/short cover here.. if you took one and good area to unleash some shorts, then more down after bounce

not crazy at all remo - makes perfect sense...