prediction for the dow jones industrial index...

  1. 436 Posts.
    Hi all,

    For anyone interested, the Dow Jones Industrial index as shown on BigCharts appears to have started and almost finished a 4th wave triangle on Wed 18 June 03. If so, then on Thursday it should pop up a bit (not much above 9,300) and then down a bit (not much below 9,260), to complete the 4th wave. Then a 5-wave impulse (or an ending diagonal - even better) should follow, peaking somewhere around 9,400. This would nicely cap off a humungous flat correction which began last October.

    If all this happens, then I'd suggest the DJI has finally peaked, and we can look forward to a substantial decline in coming weeks and months.

    Regards,

    Ultrafart.
 
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