Select Page

DJIA Elliott Wave Analysis – 29th June, 2012

Last week’s analysis expected the Dow to move lower to a target of 12,520. Price reached down to 12,458.04 before turning back upwards. Thereafter, analysis expected a deep correction and favoured the 0.618 Fibonacci ratio of the previous impulse. Price has...

DJIA Elliott Wave Analysis – 22nd June, 2012

Last week’s analysis expected upwards movement from the Dow to a target of 12,918. Price began the week by moving higher to reach 19.14 points below the target before turning downwards. Thereafter, analysis expected price to turn downwards. We were looking for a...

DJIA Elliott Wave Analysis – 15th June, 2012

Last week’s analysis expected overall upwards movement from the Dow to continue a correction for a second wave. Price has moved higher, beyond the first target, and is nearing the second target. I still have one daily and one hourly chart for the Dow this week....

DJIA Elliott Wave Analysis – 1st June, 2012

Last week’s analysis expected a correction to end and then further downwards movement. The triangle structure was invalidated and I expected at that stage the correction was possibly a combination. With the correction over I am now able to calculate targets. I...

DJIA Historic Analysis – 25th May, 2012

I currently have three monthly charts for the Dow. The main monthly wave count is the wave count I follow with daily analysis. It sees the Dow as within the second structure of a double flat or double combination at super cycle degree. The first alternate wave count...