Dow Analysis

Couple of counts going here but there seems to be some debate as to whether this is a wave 2 or a wave 4. There is a lot of sideways movement which could suggest this is a wave 4 which is either a Flat or a triangle.

The chart with the Flat ewt pattern could suggest we're on a wave 4. You would however have to discount that huge wild spike drop on 6th May as w4 would go into w1 territory.

The count i was following last week needs 10315 to hold or that is not a 1 of 3 down. If it goes higher than this, i suspect a bigger wave 2 retrace is under way and could be heading higher possible to the 10600s

LIVE TRADE - FTSE

Long FTSE July 5178. This is a hedge bet against the shorts i have running. looking for this is run to the top of the channel, charts later

Dow Analysis

LIVE TRADE - FTSE

Short Sept 5000

61.8 retrace and near the top of the channel

Stop 5089

Dow Analysis

Dow Analysis

Trades added today

FTSE Sept short from 4966 and 4995

LIVE TRADE - FTSE Sept

Short 5060
Stop 5229

Dow Analysis - EWT Count 3

This is the third count and seems favourite in my opinion. The count here would be we're in the 3rd wave of major wave 1 down. 3 of 3 of 1 of P3

The others indices seems to back this count up too with the FTSE and Dax playing out a very similar scenario. Also we have a 3 candle swing on the daily chart which suggests carnage is right round the corner

Dow Analysis - EWT Count 2

This has been my primary count but i find it in serious doubt now. The current count would suggest we're in a wave 2 correction and the drop would be Wave B down, possibly even testing the lows as a Flat. But the strength of the drop has left doubts in my mind to as to whether this is a B wave. Also the break down looks like a bear flag broken which is likely to lead to steeper drops

Dow Analysis - EWT Count 1

This count suggests the Wave 5 of 1 is underway. The fibs work well on this count, Wave 2 retraced wave 1 by roughly 61.8 (taking closing prices and exlcuding that wild spike down). Wave 4 retraced Wave 3 by 38.2% which is the norm for Wave 4 to so too.

LIVE TRADE - GBP/USD - closed

Limit hit 100pips profit (at fligging last!)


Will post some Dow counts and maybe others if i have time over the weekend. have 3 possible counts and the bears seems in control

Dow Analysis

LIVE TRADE - GBP/USD

Short 1.4613. Limit 1.4513. stop 1.4748

Dow Analysis

The ewt count post last Thursday is still on track. As thought, we had a bounce for Wave B of the zigzag in the low 10000s. Now we have Wave C of the zigzag under way and im looking at at 50% retrace of the drop. This is also the area where A = C .