Dow Jones Industrial Average Call - October 29, 2023

Dow Jones Industrial Average Call – October 29, 2023

Elliott Wave Plus

This last Sunday, October 29, just as extremely bearish articles were being published by perpetual braggadocious Elliott Wave types, I was calling for an imminent multi-week rally in the stock market. On Monday, the Dow rallied over 500 points! And I had lots of reasons to be bullish:

1) My Elliott wave count, which always incorporates,

2) Hurst cycle analysis,

3) Sentiment, and

4) Seasonality.

The attached video shows my detailed coverage of the Dow Jones Industrial Average from my Sunday, October 30 weekly “Counts” webinar for Pro and Premium Plan subscribers. By the way, my main wave count on quarterly, monthly, and weekly charts of the Dow Jones Industrial Average hasn’t wavered since late-July, when I suggested that the stock market had moved as high as it was going to for the year.

Webinar Clip:

The bottom line: Elliott Wave, when used ALONE is dangerous. It allows bias and indecision to creep in at critical junctures. The fact is that Elliott wave theory desperately needs additional corroborating evidence from several dissimilar methods of technical analysis before it can be trusted enough to put your hard-earned money at risk! And THAT is the Elliott Wave PLUS difference! We provide persistent checks and balances, supplied by a seasoned market analysis veteran, that NONE of our competitors can match.

Subscriptions

We offer four subscription levels. The Premium Plan includes everything we do including daily momentum algo trade signals on over twenty items, as well as daily screenshots of our proprietary Sentiment Conditions template. Additional sentiment conditions are now included in this plan. The Pro and Premium plans include future roadmaps based on a combination of Elliott Wave and Hurst Cycles, as well as a “live” weekly Counts webinar. The Basic Plan includes the Elliott wave + Hurst cycles screenshots only (twice-per-week), but no weekly webinar. The entry level Trend Plan offers daily trend analysis (but no Elliott Wave or Hurst) on many popular items, plus momentum algo signals on Cryptos.

Our unique approach is well worth consideration, especially if you’ve never experienced wave labeling and associated Fibonacci price targets that are derived in harmony with independent Hurst cycle analysis. Here’s more info about subscribing.

An overview of our pricing can be found here.

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