DOW

The long range view from the weekly chart.......

dl.dropboxusercontent.com/u/7238706/DJ%2...STRIAL%20AVGwkly.png
....if the current move doesn't extend this chart is showing completion between 18,567 and 21,422. Then we would be looking at a PULL-BACK - yes, the capitals were intended - this will be mega: my chart is only showing the last leg from 6,470 and you can read the 50 - 61.8% fibs for yourself. If, and it is a big if, it retraces the entire move from way back, then it is probably the end of the world, so we wont go there......but this would be a good time to be 'in cash'.

The Daily.......

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

and the hourly looking at today's business....

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

update to the last chart posted below.

dl.dropboxusercontent.com/u/40497882/Wal...9%204hr_invH%26S.png




rgds WS

Watch out for the 16240 level during market hours (the following is a daily cash chart) as that was the breakdown point. Possibly worth taking some long profits or scalping a short at this level:



dl.dropboxusercontent.com/u/20815047/FTS...Dowdaily16_02_14.png

Just to add - I am also following very closely on the movement of the banking sector. The banks were a strong catalyst on the move from late last year. They are somewhat stagnant at the moment so I am watching that very closely (my intention is to get on the boat with Lloyds of the trading opportunity present itself - as I missed the last one)

Dow weekly attached.

I have one long open and sitting on the cautious side. A few indicators like gold and defensive stocks are picking up - all making me more cautious.

My view of the DOW...I have noticed a negative divergence on the MACD and what looks like the right shoulder in progress. This is only based on what i see. However, if this H&S doesnt materialise, we could be in for some mega moves up.

dl.dropboxusercontent.com/u/4385922/dow_Feb14.png

Cheers

waverider2 wrote: Diver/WS- dangerously looking like H&S...

this one ?

dl.dropboxusercontent.com/u/40497882/Wal...0%28DFB%29Inv_HS.png



or this one (full head not even formed yet)

dl.dropboxusercontent.com/u/40497882/Wal...t%20%28DFB%29H_S.png




rgds WS