DJIA Technical Analysis - 29th July, 2011

[dt9870]

great video. spot on with the down move. dow hit below 11500 today.

[nevadaxtube]

Thanks Lara.

I appreciate your thoughtful and detailed analysis.

[jjumbojjet]

this is very interesting and very helpful, thanks for the hard work you put into this.

[me7md]

wave 4 never biger than wave (4) it`s against ew rules

[ElliottWaveForex]

@me7md There is no rule in "Elliott Wave Principle" by Frost and Prechter which states waves of a lower degree cannot be longer in size or duration to waves of a higher degree. The rules are listed on page 86 for an impulse. Please read it carefully, you will see that under the list of rules this is NOT there.

I agree it gives the wave count an odd look, but I thought I explained this clearly in the video. How else would you label it to avoid this problem of proportion?