August 2019

[cimac]

Dow cash … spill up to seal S4H thursday.

Then the real action of friday S1 … odds L

Seat belts on !

Never give up, never surrender.

[cimac]

cimac wrote:

Dow cash … spill up to seal S4H thursday.

Then the real action of friday S1 … odds L

Seat belts on !

So … we have the spill up to seal S4H thursday.

Now we have the down to a possible pt1 of S1L

the next move is critical … pt1a and we know
that pt2 may not print today and leave a ? to
carry over into Dow cash tuesday.

I would advice caution holding the Dow over
an extended weekend.

Never give up, never surrender.

[hatman]

I closed my Dow short for a good profit.  It didn’t reach the target at 26250 so there might be another leg down to come.

Tuesday is ‘day 1’.  We have a 5th wave upwards to come which should reach the 26625/50 area.  I have a feeling that the market might take a leisurely route upwards via a rising wedge and might take the four days to do so.   Alternatively it can shoot upwards Tuesday and immediately reverse down.

I won’t be going long for the upwards move because it will be approaching the top of the market and 5th waves can fall short and reverse sharply and unexpectedly.  Instead I’ll keep my powder dry and wait for a shorting opportunity near to that 26625/50 area.

[cimac]

I have traded these moves each time adjusting my Dow short position
and the net result is I am …

Small short Dow at 26400 ( x 3 )

I have no plans to add or adjust and will wait to
see how this ‘h’ pans out. I will move stops as
and when market conditions allow retaining
these short entries all the way down.

Never give up, never surrender.

[Author]

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