DOW

I hadn't looked at the chart properly since close on Friday. You're right - a beauty of an inside bar.

Roll on Monday, the weather's finally warming up just in time to put the shorts on lol!

indeed - when you look at the DOW over the last 3 years there is an interesting time correlation & what appears to be consistency for medium term highs:

29 Apr 10 high - a correction followed ~16%
02 May 11 high - a correction followed ~20%
01 May 12 high - a correction followed ~10%

see chart & take note of march, april and may of 2012

dl.dropbox.com/u/40497882/Dow_3Years.JPG

in the short term, possibilities:

Int wave iii - march 13 highs
Int Wave iv - april 13 lows
int wave v - may 13 highs & completion of Major wave 3 of primary wave 3, what should be a Major 4 correction to follow.

on a side note - the Cyprus situation and the 10% levy is boarding on criminal imo, to think joe public savings in Cyprus banks will be less than what they were come Tuesday due to the bailout. makes me

Daily Candle on Dow

dl.dropbox.com/u/40497882/Dow%2015%20March.JPG

hmmmmm its really incredible how news catches up with technical analysis and the waves.

WaveSurfer wrote: indeed - when you look at the DOW over the last 3 years there is an interesting time correlation & what appears to be consistency for medium term highs:

29 Apr 10 high - a correction followed ~16%
02 May 11 high - a correction followed ~20%
01 May 12 high - a correction followed ~10%

see chart & take note of march, april and may of 2012

dl.dropbox.com/u/40497882/Dow_3Years.JPG

in the short term, possibilities:

Int wave iii - march 13 highs
Int Wave iv - april 13 lows
int wave v - may 13 highs & completion of Major wave 3 of primary wave 3, what should be a Major 4 correction to follow.

on a side note - the Cyprus situation and the 10% levy is boarding on criminal imo, to think joe public savings in Cyprus banks will be less than what they were come Tuesday due to the bailout. makes me

Dow starting to look like its going to finish up.

Unbelievable!!!

The dows like this a lot. it can change directions pretty quickly. Its a dangerous index to trade hence why it should be respected.After hearing all the craziness over the weekend you would have thought this index might have taken a tumble..lol...Its best to trade this index from important levels and never try and second guess this daddy. It has burnt a lot of people in the past and still does to this day. Its a great index to trade if you show it some respect.