markrivest
Short

DJIA Blow Off Top

TVC:DJI   DOW JONES INDUSTRIAL AVERAGE
142 2 4
In my last post I noted possible Nasdaq resistance at the . 786 retracement level and a declining trend-line.
The Nasdaq moved beyond both implying more upside in the near term.

The DJIA             has the clearest wave count and appears to be near completion of a Elliott wave Ending Diagonal from the August 24, 2015 bottom.

A Fibonacci 89 calendar days after the 8/15/16 top targets 11/12/16 a Saturday.
Monday 11/14/16 is a full moon, based on these to factors 11/11/16 is a possible turn date
and perhaps a significant top.

Mark
tomj2417 PRO
2 months ago
Could be, could be. Nice count. We live in interesting times indeed.
Reply
markrivest tomj2417
2 months ago
Hi Thanks for the comment.

Today 11/11/16 the DJIA did not make a new rally high and the intraday wave count does not appear to be complete.
11/14/16 or 11/15/16 are possible turn dates if the DJIA exceeds the high made on 11/10/16.

Mark
Reply
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