Wednesday, September 24, 2014

Dow jones 5 min chart…wave 4?

5 min chart of the dow looks like we are carving out the 4th wave and .382 will be approx 17140 or there about. Then I'll watch for the 5th down to finish wave 1. 

Monday, September 22, 2014

Corn… 5 waves down almost complete

As you can see from the chart above it looks as if we are working on the 5th and final wave lower of this expanded flat. Trgts on the downside for wave 3 of the 5th is around the 3.25 price range. I'll be watching for this 4th wave as it should be deep and a complex formation… let's see if we get the 4th this week

5 waves down almost completed on yen?

On the weekly chart it looks as if 5 waves down is close to completing or complete. The lower trgts would be around the 89.00-90.00 level.  So I will be watching for a bottom and a zig zag for a wave 2.

Sunday, September 21, 2014

Extremes

There are several markets that have been showing reversal signs including the indices( as we are currently in the target zones for short positions , grains and the dollar… charts and updates to follow.