Thursday, March 26, 2009

Long Term Counts

Welcome to my blog. Below is my long term elliott wave count on the Dow Jones Industrial Average. The first one is my primary count and the second one is my alternate count.



This is my primary count. It may imply a multi-year or multi-decade bull market from point C. Point C is the low made on March 6, 2009.



This is my altenate count. It implies a new low below point A after a B wave retracement of wave A. This lower low would probably occur in 2010 or maybe 2011.