what a week, page-13

Nice Robbbbb as alway, and I'll throw my own little stuff in the mix here...Will go into more detail in a weekend post either today or tomorrow, depending on the weather (am currently building access up to my roof, and it's getting a bit windy, so am mindful of the sail like tendencies of the beard)

Most important point, watching last night's action, is we hit a downside target (just) as per my histogram divergence targetting methodology, on the IGMarkets 200Aussie (xjo). (target of 3275 (ish)), based on histo divergence on the hourly and going back to November 21.

In the past I have observed these targets provide potential points of trend change. which makes me bullish.

re the way the US might go...

be interesting if your gap up occurs Bris, personnally, I see the last little intraday runup as a five way major elliot, and we have just entered the three wave retrace of same... (5 minute) which is about half complete, and could bring the dow back down 7950 ish (IG) Start of the last intraday bounce) before a next intraday 5 wave sequence begins... the retrace, if it complets, would be a bullish 3 wave corrective structure, which would be kinda nice. as that might mean the next 5 wavge ew major (intraday) is to the upside.

Also back to the xjo.. last time we hit one of my major targets during the night session, the target was revisited during the day session before the trend actually started the other way... this could still happen. And I partly hope so, as despite my target being correct and me going long when we hit it, I chickened out, and want another go at lower prices than now, lol...

Have a good 'un all and big long waffle to come.

;)