DOW

dl.dropboxusercontent.com/u/7238706/DOWdaily.png

According to my chart this should make, at least, 16,705, and very probably 17,154 > 17,431 before any significant pull-back. If this is a wave 5 it would be quite normal to expect a 1.618% extension of wave 4 to complete the wave. This would put us at 17,371, slap bang in the middle of my target area, and would therefore be my favorite.

My chart may be incorrect but, I see the current sideways movement as a little stutter before making a new all-time high.

This is just my opinion and is not intended as investment advice so please DYOR

i wont be shorting this now as its too close to the high. Shorts at resistance works better when there is a massive move on the day towards a major resistance level like a move of 100+ points. When there is only 40-50 points in it then best left alone.
This could breakout so one to keep an eye on.. I wont place any trades now as last 30 mins of trading.



dl.dropboxusercontent.com/u/4899609/dow2ndapril2014.png

The dow has broken out today so i expect this to test the all time high.
Maybe worth a short on first attempt of all time high during market hours only.
im currently long on the dow from the breakout point but will take profits at the all time high.I will still keep some positions open as will move my remainder to break even.
its to late to jump on board.
If the high gets taken out then this can motor a lot higher so be careful on any shorts as there only meant for a quick trade only. The trend is up on the dow so longs are the way forward until things change.


dl.dropboxusercontent.com/u/4899609/dow1stapril2014.png

dl.dropboxusercontent.com/u/7238706/Wall...sh%20%28daily%29.png

Looks like we should expect a completion of the retrace on the indicies. My view of the DOW follows my normal pattern in that I'm looking for support within the area of the 50 - 61.80% fibonacci retrace of the previous move up. In this case from 15338 > 16514 - it's highlighted in blue on the chart. There's support at 15,791 and also, a little below at 15.724, if that doesn't hold.


dl.dropboxusercontent.com/u/7238706/US%2...20Cash%20%28-%29.png

A similar approach on the S&P500 gives support at 1,811.90 & 1,813.40


dl.dropboxusercontent.com/u/7238706/FTSE...sh%20%28daily%29.png

The FTSE is becoming a very complex correction and therefore my reading of it could well be completely wrong, however, my interpretation is we are now in an irregular flat with the 3rd leg due to end at 6213 support, again in the blue area of extension. There are alternatives, obviously, the favourite being a running flat, in which case we would already be into the next wave. In view of the expected action in the other two indicies, this appears unlikely.

These are just my views and are subject to change. They are not intended as guidance for trades so please DYOR.

Possible double top formation???
Worth a short on first attempt only at the recent high at 16588.
This will be a first attempt trade during market hours only.
Ive got a 40 point stop on this trade.



dl.dropboxusercontent.com/u/4899609/dow11thmarch2014.png

This war that's hanging over the world can make the markets jumpy ...so careful trading the indexes ..