DOW

if it finishes like this then possible correction over. Then the highs may be next.
look for a 123 low set up to verify.


dl.dropboxusercontent.com/u/4899609/dow7thjune.png

Quite a whipsaw on the FTSE, which has since moved up and is now fighting with the downtrend line on the hourly - might be an interesting afternoon!

you got your surf board out mate?

If anybody free today come on to chat. Work is quiet for once. (famous last words).

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

Wave Surfer thanks for your encouraging words.Patience for trading at the right levels,actively v over trading are disciplines that I learning.
I still am so tempted to trade when I see US indices at levels yesterday and last Fri. Then I stop myself, as I don't have a clear plan.
Your charts and analysis do make understanding markets easier.

'Moral of the story....take profits while they're there'

Amen to this!