Crude… bottom in sight

Crude as seen here on the weekly chart has broken down in what appears to be a B wave triangle. This last push down should be the ewave and I will be watching for a throw over of the bottom trend line in the E wave to complete the formation. Price targets are around the 84.50 level. Eating for this formation to complete. A break back over 96 will be the first clue that the c wave has taken over. 

intra day dow jones 1 and two look complete..... do we get the wave 3?

intra day the dow jones on the rally on friday has pushed up to the .618 level and held. A move now back to the the low of last thursday sets up the wave 3 to a target of 16600 just eyeballing it.I'll post a chart a little later.

positions: staying short