Views of DJI

Quote from probability_man:

what is the next minor and major levels of support in the DJI to watch?
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I said this back in early OCT, but I think the DJI will finally stop in the 7000 - 7800 range.
This make the most since. The last slide in the DJI back in the spring was a signal of what was to come. Using the Fibonacci w. extensions you can see that it could not break the 50% fib level off this slide. That usually means it will go past the first level of extensions and bounce back somewhere in the second level.
Whether it continues up is any ones guess, but that is at least a target range for a major retracement... just my opinion.
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Hi,

As you will see the minimum oct 2002 at around 7.200 is for mi the key point.

Above this value the recovery it seems in the months delay.

Below this value quotations the recovery takes many years.

My today's grafical interpretation is

Salut
 

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Hi,

Other possibilty is after finishing 3 impulses more an extensin to achieve the Fibonacci correction until the level of around 6.000 points.

Salut
 

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Quote from capamunt:

Hi,

And other point of view, using only 3 Andrew's Forks

Salut
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So look at your chart.

draw in fork 4 which will be to the right of everything so far.

Can you "see" the multi year symmetry?

The vertical axis of symmetry is between the fork 2 long and the fork 3 short.

I started trading when the $INDU was under 350.

Obviously the best trading days are ahead.

"Trading" means making money with price change. To do that you have to be on the RIGHT side of the market and IN the marlet ALL of the time.

Forks are fun but making money is another thing.

There is only a couple of months to go before the annual estimates are made. This reasoning is, of course like the dark ages. Why hasn't, by this time, the world learned to do finance like a Wisconsin farmer keeps track of his dairy herd with a 12 month rolling average including each head he support like a steward.

You guys are funny. Really funny.

Is there any question who will be who in the cabinet? That the girls were going to go to Sidwell Friends? LOL

Is there anyone who doesn't know all the 10Q's for this year???
 
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