Hello everyone,
as mentioned in an older analysis, I think the dow is in a strong uptrend. We have seen a nasty wave 4 ending at 23.451. Since then three significant 1-2 elliott-wave-setups have formed; second and third with extreme short second waves: one of the signs showing us that we are in forward gear.
For all of you not invested yet: the best time to get in the market lays behind us, but there’s maybe a possibility in front of us. The dow is going to come to the all-time-high, and mostly there is some volatility one could take as a chance to get in (the yellow circle in the chart could be this point).
The scenarios
Scenario 1 (70% chance)
The Dow is going to take the all-time-high (eventually with significant pullback: then chance to get in!) and is heading for 27.000+ and even 30.000+.
Scenario 2 (30% chance)
The Dow is ending at all-time-high and collapses down to 20.400, maybe deeper. If this happens, we have seen a wave 3 of a higher wave degree ending at all-time-high.
So, the sore point is the all-time high so far…
Take care,
tgo
as mentioned in an older analysis, I think the dow is in a strong uptrend. We have seen a nasty wave 4 ending at 23.451. Since then three significant 1-2 elliott-wave-setups have formed; second and third with extreme short second waves: one of the signs showing us that we are in forward gear.
For all of you not invested yet: the best time to get in the market lays behind us, but there’s maybe a possibility in front of us. The dow is going to come to the all-time-high, and mostly there is some volatility one could take as a chance to get in (the yellow circle in the chart could be this point).
The scenarios
Scenario 1 (70% chance)
The Dow is going to take the all-time-high (eventually with significant pullback: then chance to get in!) and is heading for 27.000+ and even 30.000+.
Scenario 2 (30% chance)
The Dow is ending at all-time-high and collapses down to 20.400, maybe deeper. If this happens, we have seen a wave 3 of a higher wave degree ending at all-time-high.
So, the sore point is the all-time high so far…
tgo
Comment:
...the latest movement looks not bad to me, so we now have a good chance, that the dow will fight the all-time-high...
Take care,
tgo
tgo
HK-Capital-Management
seems that Mr. Dow is in best condition... If it rises up now, we do have a stable uptrend...
tgo