Thursday, August 06, 2015 5:08:04 PM
Market Reaches Inflection Point (Aug 5th)
http://www.pretzelcharts.com/
On July 31, I published the following projection chart for INDU:
Here's how INDU's chart looks now, with the actual price action:
"SPX below. The bull count is a complete ABC decline (blue abc). Below the 3/c level, and we're probably looking in the vicinity of black C as next potential support."
"In conclusion, this is an important inflection point. So far, INDU has tracked perfectly, which always makes me at least a little nervous. The next session or two should be revealing. Trade safe."
http://www.pretzelcharts.com/
On July 31, I published the following projection chart for INDU:
Here's how INDU's chart looks now, with the actual price action:
"SPX below. The bull count is a complete ABC decline (blue abc). Below the 3/c level, and we're probably looking in the vicinity of black C as next potential support."
"In conclusion, this is an important inflection point. So far, INDU has tracked perfectly, which always makes me at least a little nervous. The next session or two should be revealing. Trade safe."
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
