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,
Erick



Sunday, January 15, 2012

Dow Update Jan 13

I want to put an end to 2 at 12514.62, this can be the count with a truncated 5 of 5 of c of c of 2 at 12483.62.



Also 12514.62 could be 5 with a 1-2-1-2 downward underway, in that case 12483.62 should hold.
An up trending line with some significance was broken last Friday, but we still need a break below a more important up line and the 12315 ≈ level.
12485 and 12315 are now the focal support & resistance levels.

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I am a civil engineer who likes charts, to me, speculating in the markets is both a hobby and a second profession and in my view the stock market is the most honest environment, since it is only your knowledge and preparation that matters. I live, and work in the construction industry, in the Dominican Republic. I read and answer all my mail so please feel free to write sternloinaz@gmail.com Thanks, Erick