The chart below is my wave count for the past few days and the dotted and solid red lines indicate my prediction for the rest of the week, and perhaps a bit of next as well. The chart, as you might have noticed is the $DWCF, which is a measure of all equity securities that have their pricing information available.
I noticed, upon discovering this chart that it really seems to hug the Elliot Wave pattern much more closely than the DJIA. I am not sure if it is more widely traded, but it does seem to be a really nice EW indicator.
The count for the DJIA is substantially similar to the count for the DWCF and my prediction for both this week is the same. We should see a drop in price which is followed by a push back up. The drop will occur either tomorrow or friday. It is also possible that the market will move sideways and then up. The termination price is listed on the chart and it is likely that the DJIA will follow the same pattern by percentage change.
All the best,
W
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