INDU’s ending diagonal…

Please help me, so I can continue to help you make $$$s
Donate Button with Credit Cards
Thanks!!

 

INDU’s rising ending diagonal (ED) is loud and clear, and very bearish. A rising ED is (VERY) bearish and is usually followed by a sharp decline retracing at least back to the level where it began…. Given that there are 2 trendlines, blue and black, and and ED consists of 5 waves (abcde), we’ll likely see a retrace to the blue line for d, then one more thrust up for e. This equates on the SPX for intermediate iv and v and major 4 and 5 on the NAZ/COMPQ to finish Primary III. Almost there 😉

indu ED 07082014

Advertisements

One thought on “INDU’s ending diagonal…

  1. Pingback: INDU: upside limited due to rising wedge (Ending Diagonal) formation | Intelligent Investing

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s