DOW

Has played out to below 23.6 fib so far, will it go as far down as as the 38.2 fib and then continue upward????

DOW is now hanging around at the support point, could this be a 123 scenario





www.dropbox.com/s/wp2yw4y5qap4dnk/Dow%2015m%20123%207.1.13.gif

Views welcome
GL

my view is that it could still be forming the right shoulder of a head and shoulders top. The only time that view will change is if the dow can break above 13661.
Thats the level ill be shorting the dow with a 40 point stop as that area is quite important.Obviously on first attempt basis,but if it is a true head and shoulders then it should not really go that high .
For the short term if this finishes above 13366 then expect the recent highs to be tested.

so
up above 13366
down below 13100

No mate, the move was too quick and did not realise that it will move that quickly to form a double top !!!!
Remo/Diver what your views on the DOW following this big move.
Thank you.

Did you get back in mate?

Happy New Year
In excess of 400 points gain during recent 4 trading hours (since posted last chart, WOW). RSI divergence noted on 30 mins chart when hit 13360 area, sorry not by pc so cannot post chart.

GL