Update to DJIA Market Forecast

I am continuing my medium term prediction that the DJIA will top out  between 15845-75. This is about 13 points lower than I had originally predicted and is due to issues in crafting the chart itself. If the fall which occurs is anything like this past week's wave b of 5 scare, I will start to look for associated minor shifts in politics, global events and pop culture to swing toward a more negative/pessimistic outlook. The following chart represents my analysis of the DJIA. The predicted resistance point is made clear.

-W

Harmonic Elliot Wave_DJIA_6_11_2013

The following chart is my take on the completion of primary wave [A], which is fully devleoped upon completion of its smaller fractal components. The Fibonacci extension ratios for those fractal components,are listed in the purple box, along with their projected price levels.

DJIA Potential 4 wave or b wave update

Update to DJIA Micro level count. [Note: The color coordination scheme I normally employ is not used in this chart]. All analysis occurs on the Micro or sub-micro scale. I have labeled and set a stop loss for the support level demarcated by wave number 4 at 15092 points. The next move should be a bull move and will likely occur in three waves. It is unclear as to whether the correction which occurred this past week is actually a 4 wave, or if it is potentially a b wave from which the final c - wave run to 15888 will start.