The Dow Jones Industrial Average is Up Over 1000 Points Since Monday. Did Anyone Predict This Ahead of Time?
As far as I can tell, there were precious few market prognosticators calling for an imminent rally in the stock market just prior to this week’s surge. On the contrary, virtually all article writers and market technicians were projecting the market to move lower. As it turned out, the DJIA was up over 500 points on Tuesday, and is currently up over 1000 points for the week, and it’s only Thursday (June 6). Here’s highlights of my coverage of the DJIA and the VIX from my Sunday, June 2 Weekly “Counts” Webinar:
Combining Elliott Wave, Fibonacci and Hurst Cycle Analysis to Predict the Future Direction of the Dow Jones Industrial Average
The following charts include my main and alternate wave counts and associated Fibonacci price targets for the Dow Jones Industrial Average, starting with the quarterly, then monthly, weekly and daily charts. Hurst cycle analysis is also utilized at all time frames.
Elliott Wave Analysis of Caterpillar Inc. (CAT) by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. This continues my series on individual Dow 30 components. In my main count of the Dow Jones Industrial Average, 1978 marked the end of a cycle (teal) degree wave 4, but in CAT, the sideways movement from […]