Dow 9000?

[MARKETWAVES]

THIS is my favorite daily outlook view of the Dow Jones

If the Dow ever breaks below the 10,000 mark , then this pattern will look even more dramaytic than it already does ... only time will tell of course , but this is the premis that I am watching the Dw Jones ...

This is also ,,, giving us a look into what could happen in the precious metals markets ..

Silver is my favorite in the group , because of its pattern formation ... I have already posted my Silver outlook a couple of days ago..

take look ......


Maketwaves.....


TRADE AT YOUR OWN RISK… The purpose of these charts is to point out significant highs and lows based on Fibonacci Retracement lines and Elliot Waves which are highly subjective . This information is for educational purposes and should not be considered trading recommendations . All trading decisions are your own sole responsibility …

 

[tech/a]

Re: DOW 9000 ?

A large broadening Top Pattern.

You dont see these develope every day/year.

One day this pattern will break either to the up or downside and when it does,youll want to be on in the direction of the break.

Waves your wave count labelling is truely remarkable,love to see an enthusiast at work keep it coming these will be great to continually refer to.

 

[WaySolid]

Re: DOW 9000 ?

A bit of a skeptic on such patterns when they apply to longer time frames especially.

An interesting book I'm reading at the moment... "The Next Great Bubble Boom" predicts 40k for the Dow by 2009 We all love predictions don't we Especially when they conform with our own bias (as this one does with my views).

 

[markrmau]

Re: DOW 9000 ?

Arguably a more bullish view of the same data?

 

[Smurf1976]

Re: DOW 9000 ?

Just a point, but the S&P500 has gone effectively nowhere since 1998 and the Dow has done the same since 1999. The market has gone sideways despite the wild swings. The profits have thus been from identifying the CURRENT trend or trading individual stocks rather than relying on the assumption of a secular bull or bear.

 

[MARKETWAVES]

Re: DOW 9000 ?

DOW JONES



AN UPDATE .... 6-6-05 ......


The support line drawn here is very significant ..... can we stay above 10,000 ?......




TRADE AT YOUR OWN RISK… The purpose of these charts is to point out significant highs and lows based on Fibonacci Retracement lines and Elliot Waves which are highly subjective . This information is for educational purposes and should not be considered trading recommendations . All trading decisions are your own sole responsibility …

 

[MARKETWAVES]

Re: DOW 9000 ?

DOW JONES 9000 ?

DOW JONES .......... UPDATE ....... OVERBOUGHT ?

 

[MARKETWAVES]

Re: Dow 9000 ?

DOW JONES ..........



WHICH WAY ,,, WILL THIS BREAK ?

ABOVE 11,0000 OR BELOW 10,000 .......

 

[MARKETWAVES]

Re: Dow 9000 ?

AN UP DATE .....


DOW 9000 ?

 

[tech/a]

Re: Dow 9000 ?

Waves thanks again for the charts.

Dow making higher highs and higher lows.
Really its not showing any decisive move either way.
Currently there are arguements for both Bull and Bear.

Where would you say analysis for each the Bull and Bear
would be confirmed.