Elliott Wave Analysis Dow Jones Industrial Average DJIA by Sid from ElliottWavePredictions.com

Elliott Wave Analysis Dow Jones Industrial Average DJIA by Sid from ElliottWavePredictions.com. Covered topics are: 1) my internal wave count of the Dow since May 1, and my subsequent expectations for a rally this coming week; 2) a quick look at my longer term count of the Dow to put the most recent price action into perspective; and 3) several examples of how I use the MACD indicator to assist and give confidence while counting the waves.

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[sandwichtube]

Looking at the past doesn't predict the future.

[SidsCharts]

@sandwichtube I suggest you read "Elliott Wave Principle" by Frost & Prechter

[SidsCharts]

Hi Jag . . I think my Euro and Stock market counts are more in line now . . go to my website for way more posts thatn you see here on YouTube . .

[Sjag4ever]

Hi Sid, I have been watching your video analysis, very good. Got some questions, if USD rallies in an impulsive wave 3, then do you think we will still see another impulsive wave up in the equities. I would hope so as there is no Fibonacci relationship between A (started March 2009) and the high at the moment.

Jag.

[nonshatter7]

Hi Sid, I think you would be better served putting that multi decade Dow chart on a log scale. Elliot counts of such a long term horizon can only be accurately seen on a log scale which show percentage moves (see page 69 Elliot Wave Principle). All the best.

[TheVinitrader]

thx Sid

[nevadaxtube]

Thanks very much Sid. Very nice analysis.