Analysis for September 19th, 2012
Djia Index continues forming an ascending impulse in wave ,
on the minor wave level the price is forming the fifth wave. In the near term, we can expect the instrument to continue growing up. The stop on my buy order has been moved into the black.
Yesterday the price completed forming wave 
. At the moment the instrument is growing up and forming wave  of 3
. The Index may break the local maximum during the day. The target is still at the level of 13700.
Oil is currently moving inside the ascending channel. We may assume that the fourth wave has been already finished. In the near term, we can expect the price to start moving upwards again inside wave 5 of (C)
. The target is still the level of $102 p/b.
Wave  of 3
was finished in the form of diagonal triangle
pattern. Later the price completed zigzag
pattern inside wave 4
. On the minor wave level we can see that the instrument has formed an initial impulse inside wave (1)
. During the day we can expect the price to start growing up and form wave (3) of