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Thanks, Mup. I'm looking at a bigger "W", elovemer. Mu. Status. ST long position opened at resistance trendline break. :) LT long position opened at close when there was a higher high. :D Strategy. Wait for "W" pattern confirmation. Target price will be Mup's 1351 again. :cool:

Next move may be a "Buy" whether it goes up of down. IF there is another new low it may be a Bear Trap again, especially if wave .v is a three, i.e., Mup's ED. If the resistance trendline is broken it is also a buy signal. "W" pattern confirmation may be another buy signal. Strategy. Buy.

It turns out that the Market does not know where to go either. :cool:

ST long position closed after the Bull Trap. LT short position closed at measured move Bear Trap. Now no position. This new low is not good for the Bulls.

Turning Point. If NASDAQ does not turn up. :( INDU and S&P may turn down. :cool: If INDU and S&P do not turn down. :) NASDAQ may turn up. :D

Are you looking from the Top of the [V]th Grand Supercycle. :confused: This may helps. :D IMF head gives food price warning The head of the IMF, Dominique Strauss-Kahn, warns of mass starvation if world food prices keep rising. ..................... There have been food riots recently in a...

Status: All long positions closed when Wednesday low was broken as said. Short positions opened when the rebound faltered at Wednesday low. Short "Short position" closed and short "Long position" opened at close due to measured move which exceed the -200, -20, -40 points target. Now hold...

Status: Hold long positions. Strategy. There are Head and Shoulders patterns on all three indices. The sHs confirmation will be a perfect buy :) . But futures are ugly :eek: . If Wednesday low cannot hold, look out for a -200, -20, -40 points drop before get in. Oh! should cut loss below...

Bought at the double resistance break out. Now wait for another +150, +15, +30 points measured move up to consider take profit on the short "Long position". :)

Thanks Mup. Considering all the bankruptcies of Big Banks and companies it is possible that this is a Primary Wave Degree Correction. :) If it is due to bad economic condition. If it is due to bad bets or gamblings, it may be an Intermediate Wave Correction, which will end soon. :D Mu.

Status: Hold long "Long position". Strategy. 1) Buy at resistance trendline break if there is no lower low. :) 2) Buy at exactly -100 for the Dow (approximately-10 for SP500,-20 for NASDAQ). :cool: If there is no lower low we may have to shift wave i to Monday. If there is a lower low it...

Sold as said and prepare to buy at -200, -20, - 40 from the high.

Still holded long positions, because there was no new low in the Dow, a divergence with SP500 and NASDAQ. Expect a 500, 50, 100 points upmove. "W" pattern confirmation will be a good buy. But ready to dump all if the supports are broken

Wave 1), 2), 3) and 4) is clear. So it is likely the wave 5) would come next.

There is still another chance to go to new high as wave iii. :D If the last four day is irregular wave ii. Status as in the chart. Strategy is to sell at break even if down again.

Oh! New highs in many indices. :D

Status: Short "Long postion" closed at the "W" neckline break as said and re-open at Mup's measured move when there was a higher high. Short "Long position" closed when there was a divergence between SP500&NASDAQnewhigh and DJInonewhigh and there was a lower low. Hold long "Long position"...

NASDAQ hold above Wednesday high. It will be a blessing for the Bulls if DJI and SP500 would go into that territory too! :D

Falls to Mup's Measured Move Target then rebound to new high. Good job, Mup. :D A line in Mup's Chart is 1362.75. Actual low = 1362.83. :cool:

I favor a double zigzag wave iv because of DJI-SPX divergence with NASDAQ . :) But ready to change to Mup's count if "W" neckline is broken. :D Status. Close short "Long position" after the Market failed to break Wednesday close and there was a lower low. Short "Long position" opened at the...