DOW

1 hour view... spot a few things...

dl.dropboxusercontent.com/u/40497882/dow_02%20may.JPG

These channels be important now....break up...then higher c in play, break down then lower c range in play

WaveSurfer wrote: tested the break out point and held on 1st touch ala inv h&S neckline / cup n handle rim, took it down close to the 50% lower fork ? will hold and break abv....60/65.....

nice bounce either way tho

tested the break out point and held on 1st touch ala inv h&S neckline / cup n handle rim, took it down close to the 50% lower fork ? will hold and break abv....60/65.....

nice bounce either way tho

This is producing a few doji.
For dow to go higher it must breakout above 14768 then look to take the high out soon after.Otherwise a risk of having a lower high.
Im looking to short this below a finish at 14665. This would suggest a move back down towards 14440 area.
So the levels to watch today are..
up above 14768
down below 14665



see how the trend line is now acting as resistance

I remember the drop on wall street when the twin towers were attacked. My US shares dropped a third very much of a reality. Took a year or so to recover their value.

Reports of explosions at the white house and Obama being injured...

That would definitely do it!