Dow Jones Ind Av

[Bilo]

still very much in the bear camp when it comes to the US markets

still counting a wave II in a 3

this wave II appears corrective with many overlaps rather than the clean 5 wave impulses

down , im kind of surprised though its rallied as high as it has , but thats what happens in bear markets

it seems a large degree of optimism is returning to the markets so im gearing up for a steep fall soon .

this is just an overview chart as i only get end of day data on djia , i find it difficult to post good charts from my trading platform

db it looks more to me like a butterfly soaring to over 1400!

[arco]

Hi All

Green and Blue Harmonics are reaching into their PTZ
areas and that plot could potentially form a new Gartley,
Bat or BF. (Provisionally plotted red)

QStick is coiling for a break, and the old broken TL is now
being tested, so we still need a few more days candles to
get a better directional picture.

rgds -arco

[peat]

the gartley is playing out....

[dumbass]

this is my longer time frame analysis

2008 low somewhere around 10000 mark

sharp rally in 2009 retracing a fair chunk of this decline

2009 - 2012 will challenge 10000 again

pretty grim stuff but thats how its looking

however short term its maybe time for a rally back to 12000

[dumbass]

market at a key level

time to position for another short in my opinion

if 1261 pivot doesnt hold then were back down to new lows, if holds rally may limp higher

short if we get a close below 1261

financials are breaking down if techs dont save the day then were back down .

[dumbass]

sp 500 breaking down

lower border of bearish wedge under pressure , a close below pivot 1261 will

confirm next wave lower

[dumbass]

i think the next significant event may be breakdown in equities

check out the h1 1260 pivot on the sp 500 arco , it must give way soon

and then were off to test new lows with what looks like maybe a stronger yen

of course just an opinion