Frequent behavior of waves has shown up again in the DOW - but only if the TOP I've called is IN. If we go higher of course I am wrong and this statistic will be inconsequential Wave A = Wave C where Wave A = 2009 low to 2011 top and Wave C = 2011 low to July 2014 top
Another thing I noticed about Dow Jones monthly and is something I was waiting pay-shuntly for: The 2011 drop when taken as one wave and Fibo-ed upward gives 2 targets, 161.8% and 261.8%. I noo it could not possibly be a top at 161.8% because of the fact stated in the previous post that wave equality is common in the Dow Jones - meaning that at 161.8% there would be no equality between waves A and C, not even close, so elimination was a no-brainer. Therefore for months and months I noo that 261.8% had to be the real thing. July 17, 2014 was when Dow Jones struck the 261.8% level and hesitated. Is there any guarantee I'm right? No.
Wrong - obviously only temporary - going to 61.8% @ 16834 No change in my positions, no change in stance.
EurUsd: Just took profit @ 1.3361 in real-time on the remaining positions. I'm out for now, wait for 4H rally and then re-enter.
Dow in real time just reaching 61.8% along with S&P arrival at 78.6%. If S&P goes higher than 78.6% it increase the odds I'm WRONG immediately at 88.3%. I'll wait it out because I have seen reversals for wave 2 at 88.3%. But the WRONG admission will come right here in this thread right away as soon as the above occur.
61.8% has been a magic number for me many times. Will it this time? Dow Jones just touched it this second.
Took profit on entire remaining SHORT positions on American Express closed in real time @ $87.13 I wanted to hold for months but the Dow top call is now at 61.8% and the odds of me being right are reducing exponentially.