DOW

Hello everyone, hope you are all set for x-mas, is Santa going to bring the xmas rally next week??? may be 14400 !!!!

www.dropbox.com/lightbox/home?select=IND...60m%2021.12.2012.gif




Merry X-Mas everyone

Ooops! That didn't go well! I wonder whether that was the end of wave B up? Easy to count these waves both ways...

I've been looking for a way into the Dow and since it closed above the downtrend resistance I figured I'd go long on a backtest of the latest breakout point:



dl.dropbox.com/u/20815047/Dowdaily19_12_12.gif

Not sure if this will work out or whether it'll backtest the previous downtrend before rising further...

It's the target I was referring to. It just so happens to be the dows all time high.
14200ish
Sorry for being so cryptic . Was seeing if anyone else saw the same thing.Its quite amazing how targets seems to be headed for known resistances most of the time.
Dyor

remo wrote: does anyone see any thing interesting about the breakout and finish above the symmetrical triangle?????????what it could imply

It's the first wave of 5 up to 14000

Ok I have no idea.