Dow Jones Industrial Average Update | February 5, 2021

Sid Norris
 In Blog

Dow Jones Industrial Average Update

Elliott Wave Plus

The stock market was down last week but recovered this week to new all-time highs . . . again.  The price action since the October 30 low still counts best as an ABC in my opinion. Wave A (green) was a rocket ship to the upside from Oct 30 thru Nov 9.  Ever since then, the price action has been choppy and overlapping, but with a gradual upward tilt.  I still think that the best interpretation of the price action since Nov 12 (the green B low) is that of an expanding ending diagonal, known to some as a megaphone pattern.  Diagonals are difficult on traders, as they exhibit characteristics of a correction, while continuing to gradually “trend”.  Diagonals are terminal patterns, in this case a wave C of a zigzag, or other times can be a wave 5 of an impulse.  Either way, when they are (finally) finished, they are destined to be deeply retraced.

Video Update – February 5, 2021

– Sid Norris & Andrew Norris


We offer a number of subscription levels.  Some are mostly about future roadmaps based on a combination of Elliott Wave and Hurst Cycles, and others are based on automated algos.  Sid presents his Elliott wave counts, which include integrated Hurst cycle analysis on over one hundred trade-able items for subscribers (Basic Plan & up) every weekend.   He sends out updates on the most popular of those items every Wednesday.  Crypto and Premium Plan subscribers receive algo screenshots nightly, as described in prior blog posts.  Sid’s unique approach is well worth considering, 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.

Be sure to subscribe at our YouTube channel.

Follow us on Twitter

Follow us on Facebook

(There is risk of loss in all trading.  See the full disclaimer at our site.)


“Sid, you continue to yield remarkable results – your silver analysis has been nothing short of spectacular this year and I have made enormous profits this year thanks to it. Booked another huge silver profit ( this time short ) based on your perfect analysis. God has blessed you my friend with great wisdom- thanks for sharing it with others !” – J.F

“Sid, Just a quick note from a long-term subscriber to let you know how much I appreciate your work, insight and dedication to excellence. Thank you and regards.” – J.V

Click here for many more testimonials spanning the last ten plus years.

Subscribe To Our Newsletter

(Blogs & Guides)

Register to automatically receive email notifications of our latest blog posts,

and specifical offers.



You have Successfully Subscribed!