Elliott Wave Analysis of the Dow Jones Industrial Average (DJIA / INDU) by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge.
Since my last post regarding a major US stock index (November 14 – SPX), everything has gone exactly to plan, and now, the Dow Jones Industrial Average is only 1/2 of 1% shy of a hitting a very significant and long-standing target for the end of blue wave 5 (at 16655). Hurst Cycle analysis is also projecting a top on January 2nd or 3rd, to be followed by sizeable drop through about February 10.
Subscribers to my free-posts-only have surely noticed that I’m posting less frequently. This is due to how busy I’ve become performing technical analysis for my EWP ScreenShots and Weekly “Counts” Webinar enrollees, as well as for my many new subscribers at ElevenQuarterStocks.com. 2013 was a giant growth year for ElliottWavePredictions.com thanks to my loyal subscribers, and 2014 looks even more promising with the addition of the new 11-Qtr-System Service, and the potential need for investors to become more nimble this coming year.
I know a lot of people are looking around for ideas for what to do with their money in 2014, especially with the big winners of 2013 (like NFLX) looking quite stretched and vulnerable. Please consider the service offerings within my two websites. I believe they offer an overall perspective that is rare indeed, as my testimonials page attests. As always, I hope my work is very beneficial to you!
Happy New Year!!