Dow Trendline Support Hit
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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.
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