Follow up on my long term view of the Dow Industrials.2 charts.
9 months ago I posted a long term chart (link below) suggesting the top may be in using a Fib fan (one fan that I have tried where most of the major turning points actually seem to relate to the fan). In that chart I showed another option of continuued up move. That up move which we are in now seems likely to me could go up to the next fan line level which is currently around 22000.
Earlier in my trading I used a lot of EWT which by the way when used alone is not very helpful (at least in my hands). It's form however is often visable in retrospect. So here is my current view of the EW count that I see. Notice that the "3" waves at all three levels are sideways consolidating triangles.
The upper channel line on this chart is also around 22000 +/-500.
I will post another chart to go with this. These may not help you trade but hope you enjoy it!
Earlier in my trading I used a lot of EWT which by the way when used alone is not very helpful (at least in my hands). It's form however is often visable in retrospect. So here is my current view of the EW count that I see. Notice that the "3" waves at all three levels are sideways consolidating triangles.
The upper channel line on this chart is also around 22000 +/-500.
I will post another chart to go with this. These may not help you trade but hope you enjoy it!
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