Friday, June 21, 2013

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

No comments:

Post a Comment