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.
4YIO - NFA
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Last
26,683 |
Change
82.730(0.31%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 26,683 | 0.00 | 0.00 |