WaveTrack International

Elliott Wave Financial Price Forecasting

Dow Jones 30

by m.tamosauskas| October 15, 2012 | No Comments

As the Dow Jones Industrial has already exceeded the preceding 13367.30 low, the contracting-symmetrical triangle pattern unfolding as minute wave 4 from the September high of 13653.20 has been changed into an expanding flat sequence. Short-term downside objectives measure to 13300.70 – a reversal from there would trigger the finalising upswing to min. 13823.60 and max. 13975.80 during the next weeks. Only an acceleration below 13259.70, the fib. 38.2% extension of wave ‘A’ of the flat, will revise this forecast.

(Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).

 

 

Category: Dow Jones 30

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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