Elliot wave and Andrews Pitchfork for DOW suggest possible top.
The Andrews Pitchfork takes the 2002 low for A and the respective 2007 and 2009 high and low for B and C. The Elliot Wave markings are on the chart. This analysis seems to suggest that the DOW may run into some serious resistance any time soon.
Catatan
Currently bouncing off median line support.....Catatan
Perhaps has got one more leg up to complete wave (if not completed already).Catatan
That trendline is proving very resilient!Catatan
Or at least it was....Catatan
Wow. What a move up to regain the initiative post US election. Still don't think this rally has legs but this comment will probably mean it does.....
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