DOW

i know, i know ....im just kidding.. dow needs to break down below 212 > 198 take out 178/86 for continued down or else it'll reverse then watch 257... keep banking profit

Shotry wrote: You can always be 'shorter'!

You can always be 'shorter'!

Sure does, although the main triangle lower TD developed through 23rd may to 31st may .. if your short what you worried abt - you greedy sod ! watch for a break of 15200 area

Shotry wrote: screencast.com/t/g8gqNNDP3e

That make any sense to you WS?

I missed the top of the triangle (annoyed with myself), but am short.

screencast.com/t/g8gqNNDP3e

That make any sense to you WS?

I missed the top of the triangle (annoyed with myself), but am short.

just to clarify i dont think the bottom is in yet - looking for maybe a 5-3-5 formation or flat with dow tentative target of 14500 ( re-asses see nearer the time and once it take some key levels out... this rally im considering a B wave for now at least.

WaveSurfer wrote: update chart... ~15257/62 > 15320/340 to watch, you can see what happened when dow failed to hold 340 (orange line) on backtest.. this will be an area to watch - inflection point should it get there...

dl.dropboxusercontent.com/u/40497882/dow_channel_Jun04v1.JPG

time ltd this week, hope everyone is all good !

update chart... ~15257/62 > 15320/340 to watch, you can see what happened when dow failed to hold 340 (orange line) on backtest.. this will be an area to watch - inflection point should it get there...




dl.dropboxusercontent.com/u/40497882/dow_channel_Jun04v1.JPG

time ltd this week, hope everyone is all good !