Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,

Thursday, January 26, 2012

Dow January 26

Well the Dow is only 0.93% of invalidating the 1-2 bearish count, Elliot theory puts form before ratios and the form still looks like a zigzag or double zigzag retracement, we’ll know soon, but it appears that we need a bear miracle to confirm the count.

Check for this 10 day momentum levels in the following days, a 2.41% drop is needed today to reverse momentum, a 2.2% from today’s level will take tomorrow 10 day’s momentum below 0.

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From the Dominican Republic - Swing Trader Speculator - Civil Engineer/Project Manager - sternloinaz@gmail.com