Dow Trendline Support Hit
in ChartsView Blog:- Font size: Larger Smaller
- Hits: 3729
- 0 Comments
- Subscribe to this entry
- Bookmark
Nice bounce off the intermediate uptrend support today which should form the bottom of wave 4 of the move up from Nov 2012.
EWT has a guideline which says that a wave 4 should not go below the low of wave 4 of one lesser degree. That was at 14444 so this fits nicely. The trendline and 38.2% Fib (of the wave 3 move) came into play perfectly.
EWT has a guideline which says that a wave 4 should not go below the low of wave 4 of one lesser degree. That was at 14444 so this fits nicely. The trendline and 38.2% Fib (of the wave 3 move) came into play perfectly.
Trackback URL for this blog entry.
