DOW

MRA4, thanks for that mate, made my simple chart look very childish!

Glad we are on the same wave length.

I agree, I thought we were in a ABC move, current wave down to around 21000/21500, Wave C.

Going by this, do we still have 2 main waves until the big drop?

I think we are Currently in a corrective wave "ABC" of the Major Wave





rt7.t.prorealtime.com/ProRealTimeNew/dis...crreh8zql9f&type=png

61.8% bounce back on the Daily




rt7.t.prorealtime.com/ProRealTimeNew/dis...56zjc29ryek&type=png

Got bored waiting, answering myself, that's sad.

He's a simple chart to show the extent of this move.

Perhaps I have Elliotts all wrong, but it looks good to me.

Looking at the chart below and reading a very limited amount on Elliotts wave before my head exploded

I can't see an ABC move from the 2009 low, I can see minor corrections, which would imply the ABC moves in the lower frames, but I would have thought there would be an BIG ABC move??



Any ideas?

kerching....

that went well....

i'm looking to short if we get below 25096....stop above today's high....
dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...NIjlEnznky0s5IWK8%3D

50 day ema line is the key here imvho....and i think this down move is not quite over yet....

atb, wdik, dyor,
trendfriend

dow daily. (trading hours only)
uk.advfn.com/p.php?pid=chartscreenshotsh...VXp9uth6mM6y0ikuI%3D

I would only be comfortable with the long side here on a break above 24947....close above 25100 confirms the upside view
stop below 23780.

so basically looking for a higher high, as the bar has been set for us yesterday.....important not to jump the gun here imho..... unless you likle to gamble! lol....

drop below 23800 calls for 23000 > 22000> 19500 (area)

be lucky folks,
atb, wdik, dyor,
trendfriend