Dow Jones 60-min. takes out the May 25th low. ---------------------------- bonus: Lord look at the moves on that girl ... http://www.youtube.com/watch?v=hAFH-fC5OWE&feature=related
Both DX and EurUsd are now out of the Target Box. Mission accomplished!!!!! ------------------------- Now, can they go back into the Target Box? Remember the 2 configurations of wavecounts I provided in 2 charts? Well, one of those configs still suggests that this downwave might be only a wave 4 within wave C - this would mean that we will challenge the 50% Fib once more and maybe even exceed it. How can I eliminate this possibility? Well, if the current drop retraces more than 38.2% or 50% then that thought is forever gone because a 3rd wave rarely retraces that much. But anything less, which is where we are at now, leaves that option still in. So its a wait and see. For guys playing with the milk money a good STOP technique is the bar by bar approach in a runaway market. Place STOP above the previous 1H bar, about 1% or so above the high of that bar. You're already in big profits so don't be miserly about giving back some. Lucrum, who is on the other side of the trade has the right to be able to pay his rent, too.
Speaking about feelings, dig this, sends chills and thrills .... esp. the riff @ 1:42 enjoy http://www.youtube.com/watch?v=MUa_gHbHmQE
My weekly + monthly indicators continue to warn of a USD rally + substantial equity downside. Be careful folks. stockmarket618.wordpress.com
Nice work on your blog, read it briefly, will look more when time permits. If you start hunting here, it will upset bone and some of the other golden-maned lions. Have you found a territory yet? As far as I know there is no lion in the Technical Analysis forum - in Economics however I saw a leopard with a broken leg spraying the trees. If you decide to hunt here can you please bring a frying pan and olive oil?
A ghost from the past - I was wrong to suggest getting out then, it was early. So repeating, I WAS WRONG on CROX. In review its possible that the early action after March 2009 low confused me - but excuses are just that, excuses - if wave analysis works its gotta work across the board, small stocks small volume, who gives a fck, the technique has gotta work. So I'm going to give it another shot. I think the TOP is in, but need a confirmation of the trendline break. Uploaded with ImageShack.us