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very bullish on the dowjones 2005

  1. 522 Posts.
    Very bullish - excerpt from Woodson Wave report Dec 6th
    Why? Because a move above 10,363 would break the string of lower lows and lower
    highs established since the turning point high of 10,753 in February. That was the first
    signal that we were on the right track. The next critical mark is just ahead. That is the
    make or break point – 10,753 established in February of 2004. A move above this level
    validates the wave count. Why? Because 10,753 represents the fibonacci turning point
    spiral that has pinpointed nearly every market high since 1999. Once that hurdle is
    cleared, the third and final barrier of 11,750 will be all that remains.

    This is fun, especially when playing with the house's money.

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