Monday, February 22, 2016

[DJIA] update

It appears that the model provided at the backlink and which is reproduced below turned out to be one wave short: 



Instead of the initial kiss of resistance being 5 up, I think there is a case to be made that it was w3 not from a contracting wedge but rather from an expanding one.  The battleground is clearly moving into the 16666 level with the wave count here being 3-3-5.    So far it counts corrective still.


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