DOW

I've also been waiting for that trendline (the spx equivalent actually) but there's also a possibility of a hammer yesterday (not a perfect one) at the 61.8% Fib and historic support/resistance at 15073:



dl.dropboxusercontent.com/u/20815047/Dowdaily01_10_13.png

Just a possibility...

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


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

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

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?

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

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...