DOW

Considering a short at the break of 15157 - 123 high. only considering mind

And just for a bit of fun - for those who really like to play the long game...



Also, a nice short read on the DOW (with charts):

www.rinkeyinvestments.com/resources/wall-street-myths.php

updated as per Spx thread...

channel continues...

dl.dropboxusercontent.com/u/40497882/dow_channel_may29v1.JPG



cheers WS

Fibonacci is great isn't it....numbers are hotter

Yes, exactly. Thanks remo.

To put it another way: Height of wave 1 + wave 2 low = 14089 in this case.

jonamacg83 wrote: Hi Jackozy, that is great thanks, the only bit I do not understand is why the 100% was placed at 14089?

ill try and explain it
say for example you had 3 waves. 1,2,and 3.
the 100% is basically the height of wave 1 projected from the bottom of wave 2 giving a target for wave 3. so wave 3 minimum is expected to move 100% from the bottom of wave 2.
The 100% was placed automatically from the software.
thats how you project a fib. in the simplest form.