Monday, February 10, 2014

So heres what Im seeing for the dow futures.....

  
So here is my current count for the Dow Jones futures based on the weekly and daily charts........

As you can see we have 5 waves down in the Dow for a possible( wave 1) and I have labeled what I believe is happening at the present adding in my projections into or around the start of march finishing in a wave 2 around the 15900-16050 level if we indeed get a full (wave 2 zig zag). This scenario will only change if the high @ 16540 is broken on the upside. 


 1st target if a wave 3 is equal to 1.618 of wave 1 would be @ 14,000
 2nd target if wave 3 is 2.618 of wave 1 is 12,756 (if wave 3 is extended).

 This is a picture of the weekly chart and as you can see its very possible that this E wave move lower is underway which would call for a lower dow over the next couple years.



 


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