DJ:DJI   Dow Jones Industrial Average Index
26700 important, R1, 2.618 fib and exp wedge PO
hi, here my current studies...




cheers
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pantheo look4edge
@look4edge, thanks, we are on the same page. I believe it's important to have a clear mind and strength to buy the lows once the correction is done. If Jan the low then March maybe another high or vice versa. Dow will be choppy for the first two quarters. Once Dow breaks your upper channel line >28000 things will go wild. Cheers, have a great Sunday. P.
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Nice avatar name:-)

Difficult to set a target on yearly. Following the trend is easier. I'm just mentioning a confluence area that it's possible to face hard resistance. We see by the end of this month, which has to close above 24870 to keep this bullish stance. Weekly has to be > 25560. It's possible that we have a temporary high during January. If daily close < 25300 then it should correct somehow through price or time. Check daily below facing channel resistance today. Cheers eJim! P.

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would you say 26,702 is roughly were your target is at?
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