Longer term view of the Dow Industrials.Chart #2.
I don't think the soon to be President Trump excitement is yet over. Based on EW structure, pattern projections and parellel channels I think we may well see a Dow of 21000-22500 before this bull dies. See previous chart posted today.
On the daily chart I give the level where wave 5 = wave 1 which is a common relationship.
Also note the big spike in volume currently something that also seems to occur at tops and bottoms.
IFFFFFF this analysis happens to be correct and we get to 555 we will be looking at a very long tern bear maret to follow which would go along with big trouble in the world. So I hope I am wrong.
Take care.
Comments, corrections, and feedback always is appreciated.
Please note: I am not selling anything, I have no website, I am not an investment advisor. I just like charts.
On the daily chart I give the level where wave 5 = wave 1 which is a common relationship.
Also note the big spike in volume currently something that also seems to occur at tops and bottoms.
IFFFFFF this analysis happens to be correct and we get to 555 we will be looking at a very long tern bear maret to follow which would go along with big trouble in the world. So I hope I am wrong.
Take care.
Comments, corrections, and feedback always is appreciated.
Please note: I am not selling anything, I have no website, I am not an investment advisor. I just like charts.
