previous call here
http://www.elitetrader.com/vb/showthread.php?s=&threadid=203151&highlight=Dow+Top+Call
Dow TOP call WATCH is in effect as of today, April 21, 2011. CHART shows precise details. There was no reason to call a Top prior to this because 5 waves had not yet formed. They have formed now. However I am still unsure as to which scenario, lettered blue or black is the correct one. This will clear up soon.
In any event, Longs take profit NOW and go to sidelines.
So when to go Short? Not yet. Stay tuned.

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http://www.elitetrader.com/vb/showthread.php?s=&threadid=203151&highlight=Dow+Top+Call
Dow TOP call WATCH is in effect as of today, April 21, 2011. CHART shows precise details. There was no reason to call a Top prior to this because 5 waves had not yet formed. They have formed now. However I am still unsure as to which scenario, lettered blue or black is the correct one. This will clear up soon.
In any event, Longs take profit NOW and go to sidelines.
So when to go Short? Not yet. Stay tuned.

Uploaded with ImageShack.us