Critical Update to DJIA Forecast_More Bull Possible

UPDATE - UPDATE- UPDATE:****Based on my application of the Harmonic Elliot Wave Method, first introduced by Ian Copsey as a more fractally efficient alternative to traditional Elliot Wave Analysis, I am compelled to provide a potentially large shift in my forecast. I think it is possible that the top I called was only temporary, and while it was an accurate forecast which saw a strong bear reversal, I am not seeing, over the past few days, the fractal structure I would normally associate with a new motive trend in the market movement . As such, I am compelled to offer my alternative count for the DJIA and the broad based indices generally.

 It is very possible that the bear movement of the past week or so has been in reality wave 4 of Minuette Degree (charted with Pink extensions + black letters for clarity). There is a very strong correlation of Fibonacci extensions between 15838 and 15863. If the market begins to move north, this is the target area for its ultimate completion. The movement of tomorrows market, supported by a shift in market momentum, in conjunction with fundamental economic reports could provide another two legs up, or at least an indication as to the larger movement. It would, admittedly, be a most elegant completion of the larger primary movement.

Mentioning that caused me to go back and measure the relationship between primary wave 5 with a little more time for a bull completion as hypothesized above. Though it is just a rough estimate of the time required, it comes quite close to creating a perfect golden rectangle. See chart (1-4). In order for that to occur, a minuette three wave bull structure would have to complete within roughly the next 22 days.

(1-1)

(1-2)

(1-3)

(1-4)

Here's to the next 22 days, the end of my 2L year in law school, and lots more charting! (after finals of course) Resultantly, I will be going dark regarding my analysis until April 30th, when my last exam has ended. I know this alternative count will keep us all very entertained in the days to come if it does in fact occur.

-W