Dow Jones Ind Av

[Dr_Who]

If it bounces tonight, I may consider shorting the Dow.

[arco]

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DBs the EW king, but to my thinking this looks like an ABC 3/3/5 with another big fall looming ahead.

[dumbass]

thanks for posting the chart arco, i have not really looked at the dollar index.

nice elliot count , slightly bigger picture suggests may be a 4 th wave correction

and best count c wave of 4th wave.

if this count is correct would allow for current weakness against euro , gbp aud etc

being a correction rather than a new trend.

i kind of buy into this as dollar bullish view getting to extreme levels .

[dumbass]

count on the sp 500 which is similar to dow

entering wave 3 of c lower

the most violent part of the downtrend so buckle up

[arco]

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Spotted this on Larry Edelsons site.

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[dumbass]

i think this is one of the clearest counts going.

weekly sp 500 , note on the way up when the 5th is the longest the complete wave is normally retraced.

[dumbass]

very profitable fall on sp 500 for me but can't help feeling a little sad.
im a little speechless!

[dumbass]

right enough of that emotional rubbish and back to business.

i am going to start reviewing US stocks and draw up a portfolio to buy into the market.

This is what i believe to be the final leg lower and should now at last provide some buying opportunities in the next few months.

no hurry as i think were going lower, possibly a lot lower, but the us market was first in and
therefore will be first out.

anyone interested in contributing.

[Dr_Who]

Should we go long or short on the Dow?

[dumbass]

easy dr. , still big short but you need to be thinking next step.

i reckon this will be the final leg lower so need to be thinking what the plan is when it finally bottoms.
how you going to play it , what sectors to look at etc