markrivest
Short

Possible DJIA 5th Wave Failure

TVC:DJI   The Dow Jones Industrial Average Index
75 1 3
In my last DJIA             post I forgot to mention the possibility of the DJIA             failing to move above its high made on 11/14/16. In Elliott wave this is called a truncated 5th wave. Today 11/16/16 the S&P 500             futures are down so the high could be in place as of 11/15/16.

If the top is in place already trading the open will be a harder trade because you have to chase prices.

Unfortunately there is know wave of knowing in advance when a truncated 5th is taking place - prices call fall all day today from the open or the could fall a little then rally to above the 11/14/16 top.

Mark
Mark,

Thank you so much for your morning's clarification,
on a potential top "truncated" in the Dow.

Joe
Reply
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