DOW JONES 280410

Hi All here's an update at a point in time if you have been following this blog and the Vids we have milked it, pushed it or picked it well to this point.
Now where as for the world market's I would be very cautious.
Atm I'm just day trading stock's.

Things to note on the charts.
1.
Daily Candle Top at the SEC (Blue) 10pts short of the Inverted H&S Target in a W5. ( Bear in mind I could have measured it wrong, on the weekly I had 7pts less and it touched it.)
2.
Weekly Sell signal on the Dema's very similar to W4, Candles a Bear (but its not the EOW yet.)
3.
Monthly Candle has gone through the 50 sma (Blue) only to bounce off the outer Gann Grid, Stoch and Macd on the High side, Candle a Top (but its not the EOM yet.).

Daily Chart.
As I've been saying this is a W5 so when it finishes expect an ABC down, wether that is a down to sideways for a while verus a hard down is yet to be seen.
If you look at the 2 white arrows numbers 1 2 will give some sort of outcome to expect tonight or will it bounce off the Fib from the low of W4 to the last high at the 30ma (Yellow)?
My lowest low S/T would be the 10700 50dma (Blue) if the 30ma dosn't hold 10940 issh.
Imo the Candles a Black Crow they come in pairs (As in white arrow #1) most of the time and can come in 3's (That marks the end of a trend)
All the Daily Inds are heading South with the Short Exit and Entry Demas below the main Dema (Bearish).

Weekly Chart.
On the Weekly the Inverted HS Target was made now the Weekly SE Dema(RED) has been triggered just like W4 (I know its not the EOW yet but I dont think that will change with out a massive up to finish the week it's been trying to trigger for a while.)
The Macd and Stoch are on the down as well.
Candles a bear and can get more so, the Bollies are the most open I've seen them since March 09.
A break of the SEC (Blue) would not be good but could be on the cards.imo

Monthly Chart

DOW JONES 120410

Hi All just up dated the Blog so if any where following one of the old ones best use this one.
Heres a link to the latest Vid it should be in the Video Bar as well.

DOW JONES 090410

Heres the Daily Chart below I've Added a Stanndard Erorr Channel in (Blue) its holding the bottoms and midline quite well.
I've also put in a Revese Fib from W2 to W3 it throws the 161% at the or near to the overall 23.6% Fib (12350 mark) as the Revese Fib from W1 to March Low throws the 161% at the overall 50% Fib and that target was meet so it may want to go to it (12350 mark) Atm I'd be happy with it making the Inverted H & S Target which isn't far away 283pts ishh and this is a W5.
Well what do you know Dow up 103pts (14/04 last night) so only 158 pts issh away from Target.
Heres the close up of the daily candles in the white square you can see theyv'e been building support levels now its close to the Top Bollinger and SEC (Blue) so will it repeat the Candles marked (white arrow) if so the level keeps increasing each time.

Close Up Daily Chart.

Here's the Daily overall chart things to Note W5 isn't as Volatile as W3 so is it sorting itself out at last?
Or is W5 going to be bigger than W3? (That will pee the Bears off)
Note Daily Zero Lag Macd is turning up to a Buy along with the the Dema's.

Daily Chart

Having a look at the Weekly Chart things to note are Bollingers Opening Up the 200d SMA (Purple)is flating out will it start to turn up?
Will the 7d SMA (Green)push through it and the other MA's follow forming a Golden Cross? 
Last time this took place was W4 2003. (Funny That) 
Or will it act as the Top?
To me the Weekly has some more to go imo.
Weekly Inds Zero Lag Macd is still on the up along with the Dema's the Short Entrys ( Blue and Red ) are trying to cross over the main Dema to go Bullish again (White Circle) and no Short Exits have been triggered, Stochastic is toppy but as you can see in the past it can stretch.

Weekly Chart

Looking at the Monthly Chart a Buy Trigger formed February(see inds), the Candles are Bullish (But its not the EOM) like the Weekly Chart the MA's are Crossing 7d (Green) through the 30d (Yellow) the 50d (Blue) is actting same as the 200d on the Weekly.(All SMA)
Pretty powerful stuff if these are crossed and not out of the question.imo
The monthly is also in the Upper or Bullish part of the Gan Grid another big factor to consider imo.
Monthly Stochastic and Zero Lag Macd are high but can flatline being monthly it could take quite sometime for them to top out.
While the monthly Dema has a lot more to go even if it tops at the white dashed line.

Monthly Chart

Ok so for the Round Up.

1. The Logical W5 is meet with a ABC Down (but where is the Top of W5 ?) The Inverse HS Target (So soon, like now now)or at the 161 Fib Projection on the Daily (12350 issh) or Higher.
2. If now at the The Inverse HS Target ABC Down would at most be back to just below W4 noteing the weekly 200d and monthly 50d ma's would have been broken through just.
3. If its the 161 Fib then expect Support at the 200d ma Weekly and at the 50d ma Monthly that would keep the Stanndard Error Channels in tacked and make a stable Chart...imo
4. Then if the MA's are broken on the Weekly and Monthly plus the Gan Grid on the Monthly we then have a "New Bull Market"
5. Or we have a total crash from left field (Can't see it ATM)
6. I sugested the chart was like 2006/07 some time ago.
7. Now I rest my case check the chart its stronger but the faster the down the faster the up now it seems things are less volatile atm ..
8. Then look at the the Boom Now in Resource's better than then?
9. ATM I'm still Bullish on the DOW, Just some more in the Tank or a whole lot more?.
10. Then look a head with no blinkers on either way and expect the unexpected this time it maybe up..lol.

All this is due to TA no FA at all just make of it as you will.
It may just give you some guide or I'm wrong.
Trade Well and Safe.
Cheers Pete.