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tomj2417

Elliot wave and Andrews Pitchfork for DOW suggest possible top.

Short
Dow Jones Industrial Average Index (DJ:DJI)  
tomj2417 Updated   
DJ:DJI   Dow Jones Industrial Average Index
2
0
The Andrews Pitchfork takes the 2002 low for A and the respective 2007 and 2009 high and low for B and C. The Elliot Wave markings are on the chart. This analysis seems to suggest that the DOW may run into some serious resistance any time soon.
Comment:
Currently bouncing off median line support.....
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Perhaps has got one more leg up to complete wave (if not completed already).
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That trendline is proving very resilient!
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Or at least it was....
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Wow. What a move up to regain the initiative post US election. Still don't think this rally has legs but this comment will probably mean it does.....
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