DOW

if it finishes like this then possible correction over. Then the highs may be next.
look for a 123 low set up to verify.


dl.dropboxusercontent.com/u/4899609/dow7thjune.png

hope you enjoyed surfing with me & J amo !

loved it

Here's the updated channel chart, couple of thing going on here - dow back tested the previous high back in april, also strong move of that level and finish for the week

Also those +divergence i talked abt even remained at the lows kicked in - and the results are there to see once dow took out that 15030 level

also couple of patterns going on to keep an eye on - inv H&S maybe forming along with Bull flag.

i'm still seeing this as as B wave counter rally with another lower low to come - however the next pullback will be telling to whether indeed a bottom is in or not..... what a week, the volatility will be the norm from here on in - big moves

EOD - Dow - clear view of bullflag and april backtest of highs...







dl.dropboxusercontent.com/u/40497882/dow_channel_Jun08.JPG

WaveSurfer wrote: that "A" label in 14800's is now tentative.... + div kicks in on Dow if it can get abve 15030... lots of work still do... this is only bounce for now....

14973/65

cheers

WaveSurfer wrote: updated chart -

+div still in place...bounce then more down imo. half way into the correction...next move will be quick Heavy thrust down...then new highs from from 14200-14500 zone.. specif targets to be assessed when near those levels

14900 key area

dl.dropboxusercontent.com/u/40497882/dow_channel_Jun04v2.JPG

added potential moves over till end of June...

dl.dropboxusercontent.com/u/40497882/dow_6th%20June.JPG

And the question is....



dl.dropboxusercontent.com/u/20815047/Dow15min.gif

Any takers?

Hi Jackozy,

Would it be more likely this is a wave B based on the 5 waves prior to this? If its a wave 1 does that mean the waves are starting again and what would that make the wave down just before this one?

Thanks
Amo