DOW

I'd be interested to know too .. Ive got some ideas for patterns for lower targets on the Dax & FTSE nothing yet on the DOW ...

MRA4, I believe this is Wave C, what do you think?

Do you have a projected target? I'm thinking around 21,500.

Although there is a problem with this, if it does get to 21000/21500, we have dropped 20% from the high, which I believe puts us in a bear market. Does this compute with Elliotts Wave Theory?

DOW Daily

Looks to be breaking down again.

It's broken it's daily uptrend line.

MRA4, thanks for that mate, made my simple chart look very childish!

Glad we are on the same wave length.

I agree, I thought we were in a ABC move, current wave down to around 21000/21500, Wave C.

Going by this, do we still have 2 main waves until the big drop?

I think we are Currently in a corrective wave "ABC" of the Major Wave





rt7.t.prorealtime.com/ProRealTimeNew/dis...crreh8zql9f&type=png

61.8% bounce back on the Daily




rt7.t.prorealtime.com/ProRealTimeNew/dis...56zjc29ryek&type=png

Got bored waiting, answering myself, that's sad.

He's a simple chart to show the extent of this move.

Perhaps I have Elliotts all wrong, but it looks good to me.

Looking at the chart below and reading a very limited amount on Elliotts wave before my head exploded

I can't see an ABC move from the 2009 low, I can see minor corrections, which would imply the ABC moves in the lower frames, but I would have thought there would be an BIG ABC move??



Any ideas?