Stock-Markets
Best Financial Markets Analysis ArticleIf I ever were to start this article telling you that the innovative concepts of Elliott Wave synchronicity are about to turn the aging Elliott Wave Principle away from art towards science, you may just decide to quit and click away to read from a more reasonable author, so I’ll just start with a quiet view from standard TA about the famous DJIA index.
Well, I just hope you’re still with me and you didn’t run away after reading the stunning figure of 12,000 for the DJIA; indeed there is no reason to shy away because the « impossible truth » implied with DJIA@12,000 is NOT originating from me nor from Elliott Wave Synchronicity but just from standard TA as a true beginner would practice it in a free open minded way (this being said in case you would doubt EWS capabilities). As a matter of fact, even a beginner would now spot the multi month reversed H&S pattern along with the multi week buy signal given after 4 weeks spent by the DJIA above the broken neckline. That beginner would then tell you with a broad smile distorting his entire face that DJIA@10,000 is really no longer an issue and that the true target for the current rally is closer to 12k than 10k; he would also comment that there is really no trick here, because standard TA is telling you that the vertical distance from the low of the head to the neckline is revealing the full potential of any reversed H&S…..
No comments:
Post a Comment