DOW

Hi
One lesson I learnt from Remo is to always watch the Dow when you need a clearer picture and ignore the noise. The lack of a high in the Dow is worrying me and I am concerned that this rise could still be a B wave of a bigger ABC decline. In which case the bottom of A wave in early Feb may get taken out in March/April. So until that high on Dow gets taken, I am a bit cautious. I like Dow leading rather than following.

Could it be Ukraine/Russia be the trigger?

Gee

Agree 100% WS, but the DOW is still making stellar progress in the wave 5: over 1000 points since feb 5th. Kiev willing, a new high cannot be far away

Dow has not made a new high yet, spx, ndx etc all have, Dow will need to eventually do the same to quantify the move off the lows as a continuation of major 5 of primary 3

WS,

I'm not so sure it's a question of the DOW catching up; more a case of the DOW in a 5-way move whereas the 500 is in a 3-way move. This gives a different feel to the moves, imho. Whatever, I'm sure you're right in being bullish

update chart from last post looking bully imo, just need dow to catch-up




dl.dropboxusercontent.com/u/40497882/Wal...28DFB%294hr28feb.png

also spx





WS

There seems to be a tug of war between the bulls and bears to close above 16250