I need a new pair of glasses to see through the illusion. Is this Dow chart real? Dow ups ~3% Dol downs ~3%. How is constant dollar Dow Chart would look like. This Dow up move is not confirmed in Transport. Current EWMTer's position: Long. Futures point to weak open at a lower low. Strategy. Short at open, cover at measured move or 1/3 retracement of the up move. Stop if previous high broken.
EWMTer's position is still long. Stay long, wait for 1000, 100, 200 movement before closing long position. No opportunity for a short trade today, unless the Dow becomes negative. References: Count#1. Cycle Wave V)III ended on March 12th, 2003, and Intermediate Wave V)V1]3) has just ended on July 19th, 2007. After Intermediate Wave V)V1]4) ends above 11,926.79, Primary Wave V)V1]5) may rise to 16,800. - Intermediate Wave V)V1]4) had ended as triangular Minor Wave 4)c ended. Minuette Wave V)V1]5)1.1:3 starts on September 21, goes up around 400 - 600, 40-60, 80 - 160. Count#4 If we relocate the orthodox top of Intermediate Wave V)V1]3) to June 4th, 2007, we will get an Intermediate degree correction by date, a double zigzag that ended on August 16th, 2007. The first part is an irregular flat that ended on August 3rd, 2007. - Minuette Wave V)V1]5)1.3:5 starts on September 21, goes up around 300,30,60. Minute Wave 1.4 falls back to Minuette Wave Count#2. The second alternative is a Cycle Wave V)IV running correction. Primary Wave V)IVc] may ended around Dow 10K. This alternative will be invalidate when Dow rises above 14,121.04 or drops below 7,181.47. -Invalid now. Count#3. The third alternative count is the most bearish. Cycle Wave V)IV is an irregular correction which should end below 7,181.47. This count will be invalidate when Dow rises above 14,121.04 or drops below 1,001.11, or Cycle Wave V)IV ends much above 7,181.47.