INDU: the power of the rising wedge

Please help me, so I can continue to help you make $$$s
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7/31/2014, 9:30pm

 

Never underestimate the power of a wedge (ending diagonal in EWT terms). All of the DOWs 2014 gains have been erased in pretty much 1 week (5 trading sessions), with the bulk of course today… I really, really hope that everybody took my advice and anticipated this coming. So where next!? The technicals look still weak and bleak and would like to see lower lows, seems like the 150d sma and 200d sma are on tap for a retest. That would then completed intermediate d. Intermediate e will then bring the DOW back to new ATHs.

indu ED 07312014

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