Wednesday, February 27, 2013

Mini Dow, Another Rocket Powered Accent!

Here is a good example of a rocket move where the Mini Dow shows a vertical move due north. It all looks like a potential 4th wave in action as the rally looks like a inverted "ABC". If it is then this entire rally will get retraced and plunge to newer lows.
This could be part of a triangle in progress where we could plunge to a "E" wave bottom. 

The Mini- Dow broke to new highs which now can be a "B" wave top.
I wanted to add this chart as this rocket move is this the same in points as the move from 1921 to 1929, which was 5 waves in Primary degree.