Elliott Wave Analysis of the Dow Jones Industrial Average
28 August 2012
After my recent posts on the S&P500 provoked some animated discussions, I was persuaded by one reader to look at the Dow. What follows below are three charts that offer my Elliott Wave Analysis of the Dow Jones Industrial Average. | |
Elliott Wave Rules and Guidelines continue to be observed here. However, I must confess that I am trying to squeeze in a count to fit my view. This is not an entirely recommended approach to using the wave analysis. However,because I am not able to honestly call the current recovery from the June low of 12035 as impulsive, the wave counts that I offer you on the Dow here is my best effort. We shall know soon enough. Good luck folks. | |
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Want to go further with the Dow? Module 12 and Module 14 of my course, which walk through major US index and blue-chip moves walks through it with real trades and real numbers, not textbook theory.