INDU: Long term trendline and intermediate e target

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8/1/2014, 9:30am

Like the SPX, the INDU is now also at long term trendline support. A quick stab through it is OK, but for the current count to remain valid it needs to reverse back in. I’ve also given a intermediate e=a target, which hits the 2.000x extension of Major 1 perfectly (~17,875). NO GUARANTEES HERE SINCE THE DOW IS STILL DOWNTRENDING AND NO REVERSAL HAS BEEN SEEN!!!!

indu update 08012014


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