Thursday, September 24, 2015

[DJIA] update

In the backlink I was expecting more downward movement in the DJIA that I believe will be accelerating downward as 3 of 5 expresses itself.  Current model is below.  That red link just means down, I don't think the lower rail will provide significant support at this point.  Eventual target should be below 15300 so that black 5 is lower than black 3.  A move above green 1 at this point without first hitting a lower low than black 3 should be a major warning to shorts at this point.

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