DJIA dow jones industrials

when will we see the big bounce, page-24

  1. 51,147 Posts.
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    IMO the INDU has done well so far not to drop to levels experienced by other boarses - Shanghai more than 60%, XAO 36% etc. & especially given that the credit crisis appears to have originated there.

    The chart below shows that we may be witnessing a capitulation - will the election of a new President in November be a turning point? If my count is correct for this weekly chart Elliott Wave 3 has had 5 cycles of ebb/flow & Wave 4 has had 3 cycles of ebb/flow.

    INDU Weekly Oct7

    4YIO - NFA
 
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