Thursday, April 24, 2014

Wave 4 flat developing in the Dow ?

                    Wave 4 ? 



This is starting to look like a w4 flat in the making on the Dow in an expanded triangle with with A B C complete, with the d wave up in progress. Now we need to see if this D wave will fall short of the upper trend line and start down. I'm betting it just might. 

Positions: Short position taken @ 16462. 

We will see what happens. 

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