DOW

pick ya spot & short the b wave rally imo for w4minor c down 13728/665 looks like a good spot for a 1st target and maybe a reversal. should see 5 waves down in a zig-zig or maybe a triangle just to add to some confusion... alternate minor 2 was irregular flat 13365-12883.

watch ya stops tho and manage them well, get a feeling the cleaners might come out to play after hours we hang abt round here.

line in the sand to invalidate - 14021

dont say the market didnt give ya chance today...

i think i will hold off on that short now....crazy action back to re-assess wtf.

I hope this post doesn't appear too facetious, but what if we're nowhere near the top - if - I repeat, if, we consider an Inflation Adjusted Dow?

Just a thought!

The level to watch today is 13860 .
But if you look at the hourly chart you can see that there is a wedge pattern and if it breaks out past
13880 then that may give you an early entry.
if the dow finishes below 13860 then i would expect this to go lower.




dyor

4 hour chart attached.

A break above 14020 could take this to the magic 14198?

dl.dropbox.com/u/4385922/dow12.png

It does look like its coming doesn't it?