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Will_Wong

DOWI: A Rule of 4 breakout of the Trend Resistance Line followed

Long
Dow Jones Industrial Average Index (DJ:DJI)  
Will_Wong Updated   
DJ:DJI   Dow Jones Industrial Average Index
Wave Analysis
2
0
waveanalysis
by a retest. The 5th leg of the Leading Diagonal will take it to the top of wave 1. Wave 2 should take it down to retest the trend support. The DOW has actually had a lower low than the Feb 09 low. That plus its success in breaking out of the trendline persuaded me to consider that wave 4 is finished and Wave 5 is on lead by a wave 1 Leading Diagonal.
Comment:
Leading Diagonal did not materialize. However DJI still within up channel.

snapshot
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