DOW

Hi Jackozy

Where is your blog???

I enjoy reading your posts.

Thanks
Gee

Hi J - big waves abc 3 wave move. internal structure will consist of wave of 3's and 5's, so final C will have 5.


also area's u mention looks a good spot

trade well my friend....

Yep, nice WS. I'm looking at 14921 (23.6% Fib of the wave 3) with a stop below the previous breakout level at 14887 for a nifty long here. It's been pointed out to me on my blog that the 161.8% extension of the initial drop is also at 14934 too so there's a few levels to look at there:



dl.dropboxusercontent.com/u/20815047/FTS...owdaily05_06_13a.gif

PS Shouldn't your wave C projection have 5 subwaves not 3? (Unless you're counting it as a double three?)

updated chart -

+div still in place...bounce then more down imo. half way into the correction...next move will be quick Heavy thrust down...then new highs from from 14200-14500 zone.. specif targets to be assessed when near those levels

14900 key area

dl.dropboxusercontent.com/u/40497882/dow_channel_Jun04v2.JPG




added potential moves over till end of June...




dl.dropboxusercontent.com/u/40497882/dow_6th%20June.JPG

I reckon that was the end of wave A of 4. Any views?

Tell me about it. I had considerable success trading indices in March/April. Volatility provided by Italian elections and Cyprus situation were catalysts.
I got carried away, started to trade impulsively, and paid the price.
Now, I am relearning T/A's, and doing mock trades.Intensive practice and then start trading again.
your website is helping a lot.