WaveTrack International

Elliott Wave Financial Price Forecasting

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by m.tamosauskas| July 10, 2013 | No Comments

04_dj_utilities130710

This time about DJ Utilities index – this special feature depicts the wave sequence for the Dow Jones Utilities Average from the late April high of 537.80. As the decline from there into the June low of 462.60 unfolded into a clearly discernible five price-swing sequence, it prevents us from thinking about sustained upside potential from current levels – remember that a five wave pattern (unless it is not part of a larger flat structure) requires another five wave sequence to exceed the previously established price extreme.

Category: DJ Utilities

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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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