Thursday, August 31, 2017

Are you trading these markets? What do you think happens next ? [DJIA]

Nobody should be able to predict the future just using charts.  That's what most people think.  But I want to prove that there is a probabilistic way for doing just that.  It involves creating models based on the Elliott Wave principle which is a mathematical model for predicting the movement of herds (human and otherwise) among other things.  With the DJIA up strongly this AM there is no peak in sight but the model suggests a peak will occur in the 22k region before a collapse back down to DJIA 21500 or lower.

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