DOW

I was asked recently about the Big Picture looking ahead on the US indices. This is something many of us are gearing up for but timescales remain uncertain.

Sooner or later the bull run from 2009 lows will end and that ought to conclude Cycle Wave 1 of Supercycle Wave 3. That should bring quite a crash in the form of Cycle 2 to be followed then by wat should be the strongest bull market for decades if not centuries in the form of Cycle Wave 3 of Supercycle Wave 3. The chart up to the end of Cycle 2 ought to go something like this:



dl.dropboxusercontent.com/u/20815047/Dowcyclewaves26_04_14.png

There's no panic yet but we're also nearing the top of what should be Primary 3 of Cycle 1 so a choppy and volatile second half of 2014 may be due.

Just something to watch.

This is building out nicely. Normally i would short at resistance but this index has been hovering around the major resistance for a few days now so shorting may be risky. Im gonna go long about 5 pips above the resistance level with a 40 point stop during market hours only. My long entry is at 16636.
An early signal may come in the form of the RSI trendline break giving you a possible tip that this may go higher so worth keeping an eye on that.


dl.dropboxusercontent.com/u/4899609/dow9thmay2014.png

Good morning all, hope you are well keeping well. Been very busy lately that largely why I haven't been around much.
I was looking at the DOW charts last night and wonder if we have now seen the top for this first half of 2014.








Have a good day, dyor...

The charts are in the order of hourly, 4 hourly, daily and weekly.

Presently cuddling the hourly trend line of the past 3 three weeks. Where next?? Bounce off the trend and support lines or diving to the next support???

Possible long from first attempt of short term trendline at 16822. Im using 40 points stop.


dl.dropboxusercontent.com/u/4899609/dow9thjuly2014.png