DOW

screencast.com/t/GoAIejKJYWqu





This chart is a very simplified version and is not intended to be EWT specific, rather to give a general overall view that most will understand

Well I think we are now very close to a big pull-back. The move up from 10400, which started back on Oct 4 2011 is nearing possible completion at around 13900ish (my data is not the best, hence the 'ish'). Granted it could extend a little further to 14070 area but, a pullback is imminent. When it hits it will go to, at least 12600 and, more likely, 12200.

My advice would be, do not buy into this market. Sell and take profits while they are there then, buy back in on the dip. All just IMHO.

WaveSurfer wrote: 2 numbers to keep an eye today for the dow for further upside

13784
13853

yesterday close triggered another buy signal on the daily, that doesn't mean it can pull-back before it gets bought again to:

13684
13618
13584

-div also seen on some time frames chart, however in wave 3's these can last for some considerable time and negate.

Spx terms im looking at 1499/1507 before we get a pullback to 1485 - 1472 and finish of int Wave 3 1523 -1550 for now.

1472 - line in the sand.

2 numbers to keep an eye today for the dow for further upside

13784
13853

yesterday close triggered another buy signal on the daily, that doesn't mean it can pull-back before it gets bought again to:

13684
13618
13584

-div also seen on some time frames chart, however in wave 3's these can last for some considerable time and negate.

Spx terms im looking at 1499/1507 before we get a pullback to 1485 - 1472 and finish of int Wave 3 1523 -1550 for now.

1472 - line in the sand.

I'm surprised no one mentioned this today.....lol

If the dow does break past 13662 then the head and shoulders pattern i was on about becomes void and then look to 14200 before any shorts.
13662 is an important number and if it does get broken then the dow should head towards the all time high.
You have to be flexable when trading the dow. Infact trading full stop.