DOW

Yep, exactly right LTV.....

It's a bit of a pivot level....and the 20 and 50 day ema lines are around that area.....which in themselves act like pivot levels...

Closed bang on 25,000 today....intriguingly poised.....currently in a triangle, and whichever way it breaks should result in a decent move in that direction imvho....

atb, wdik,dyor,
trendfriend

DOW Daily.

TF,

I have yesterday's high at 24,995, why was 25035 important please

Is it because it failed at the EMA20?

I think we are heading toward the main trendline Area & fib retracement levels, Below main trend line Level would be an area of concern, if there was not a bounce back upwards.

RichB,

What are your targets for the FTSE?

Dow looks like it's taking a hammering again, can't post a chart.

I'd be interested to know too .. Ive got some ideas for patterns for lower targets on the Dax & FTSE nothing yet on the DOW ...

MRA4, I believe this is Wave C, what do you think?

Do you have a projected target? I'm thinking around 21,500.

Although there is a problem with this, if it does get to 21000/21500, we have dropped 20% from the high, which I believe puts us in a bear market. Does this compute with Elliotts Wave Theory?

DOW Daily

Looks to be breaking down again.

It's broken it's daily uptrend line.