Thursday, April 11, 2013

Updated Harmonic Elliot Wave DJIA Forecast

I have updated my charts given the strong C wave which has unfolded over the past few days. It blew past my original target level and this updated chart shows that we have either reached the peak major resistance point today or will reach it tomorrow in and around 14901. If my count is off it may be possible for the market to run up into the 1500's, but really do think we are nearing the very cusp of the end of this motive movement. In short, I am not adjusting my overall call for a bear market, just identifying the next most likely peak before it occurs. (NB: The color scheme on the daily chart may be off for this post as I have not had a lot of time to get these done.)





No comments:

Post a Comment