DJUA Nearing Buying Opportunity - part two
The DJUA Elliott wave count of the recent decline is exceptionally clear.
If the count is correct,there could be one more rally for a few days followed by a final decline
to new lows and .618 Fibonacci support.
Note - Alternate count has wave "C" of an "A-B-C" Zigzag complete at either the 1/12/18 low
or to bottomed in the support zone on 1/16/18 - New moon day. ** US Stock market closed on 1/15/18.
After bottom is in place, subsequent rally could last for several weeks.
Mark
If the count is correct,there could be one more rally for a few days followed by a final decline
to new lows and .618 Fibonacci support.
Note - Alternate count has wave "C" of an "A-B-C" Zigzag complete at either the 1/12/18 low
or to bottomed in the support zone on 1/16/18 - New moon day. ** US Stock market closed on 1/15/18.
After bottom is in place, subsequent rally could last for several weeks.
Mark