Good afternoon!
Today's DJIA has copmleted pushed the top of the Elliot Wave count that I have been working off of over these past months. In essence, wave 2 of any sequence can not move past the starting point of wave 1. As discussed in previous posts, the top of wave 1 for this current intermediate sequence was $12,876. The market, so far today, and the time is Currently 1:29 PM has pushed and exceeded this limit by a couple of points.
While this is technically a strict violation of the model, I am reminding myself that this analysis is based on mapping trends in collective social mood and that it does not necessarily come down to a specific decimal point. That being said, significant movement above this point will require a complete reconsideration of my wave count.
This is very exciting and can't wait to see how it develops.
-W
No comments:
Post a Comment