Will also add that the value of the current ellipse is slightly larger then the one running up from the March 2003 low to Febuary 2004. Becuase the market is in a stable state the value of these moves should in general be relatively equal which they are now.
Combined with this 3 cycles are due to hit around August and June - the same cycles that caused the head and shoulders bottom in 2002. This is why the major cycle high on the 21st of April is been pulled forward.
The final high on the Dow should be tonight, after tonight the new ellipse starts which should be downwards.
At least unlike last year when I was just using pattern observation I have mathematical, geometric & cynical reasons for a top right here right now.
Come a long way in a few months, this should not fail.
DOW Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)