DOW

Check the beautiful channel in play Its 1100 points long so when this decides to breakout then there is 1100 points profit for take This channel has been in play for 7 months so when this does break its going to be fast and furious
Generally these channels should break in the direction of the trend.Its like a continuation.
You can trade this ether way thou but im favoring an up break .



dl.dropboxusercontent.com/u/4899609/dow15thoct.png

Only trade the dow if you know what you are doing as this index is not for the beginner.

Futures are getting hammered right now...

Predictable - due to the "No Deal" news over the weekend...

(someone's been left holding the back after some heavy buying on Thurs / Fri).

Interesting times...

Strong momentum & breadth displayed over the last 2 days....

an alternative to the B & P4 scenario and probability increasing - jacko. all will be revealed soon imo

dl.dropboxusercontent.com/u/40497882/Dow_Weekly_Oct13v1.JPG




rgds WS

That's also a doji on the daily cash chart to support the bull hammer on the futures one (hammer with close higher than open).

So, is this a "B" wave or something else?

And there appears to be a bullish divergence on the daily RSI too.....

Look at how the dow bounced of the 200ema perfectly today .
Thats respect for you


dl.dropboxusercontent.com/u/4899609/dow9thoct.png