AI
Friday, June 20, 2008 10:52:44 PM
$INDU forecasts drop to 10000 per chart from May30
words by EdDowns, chart by Chichi2 shown May30 thru Jun04
on this board with my Live Charts on EdDowns posts
Recap:- The Daily and Weekly Charts show Dow in process of building out a massive triangle pattern. This pattern has a back end of 2,600 points, which means a breakout from this range could ultimately move the index 2,600 points from the breakout level.
This pattern has the potential to really move the market over the next several months; it will be quite a move to look out for and could very well occur given the mostly sideways-to-down movement over the last year. Watch this pattern intently.
Click on Replied2Msg to see the Original Forecast on May30 (i posted it twice that day) to see all 5 of these forecasts as i posted them, click on Board Search "2600" and you will see all 5 posts with "Live Charts".
This was/is a Technical Analysis forecast using the size of the Wedge Formation. If it completes its projection we still have nearly another 1800-1900 points down to go.
Note: my personal projection would be from
14200-11800=> 2400 see chart
thus at breakout 12400-2400=> 10000 (chichi2)
words by EdDowns, chart by Chichi2 shown May30 thru Jun04
on this board with my Live Charts on EdDowns posts
Recap:- The Daily and Weekly Charts show Dow in process of building out a massive triangle pattern. This pattern has a back end of 2,600 points, which means a breakout from this range could ultimately move the index 2,600 points from the breakout level.
This pattern has the potential to really move the market over the next several months; it will be quite a move to look out for and could very well occur given the mostly sideways-to-down movement over the last year. Watch this pattern intently.
Click on Replied2Msg to see the Original Forecast on May30 (i posted it twice that day) to see all 5 of these forecasts as i posted them, click on Board Search "2600" and you will see all 5 posts with "Live Charts".
This was/is a Technical Analysis forecast using the size of the Wedge Formation. If it completes its projection we still have nearly another 1800-1900 points down to go.
Note: my personal projection would be from
14200-11800=> 2400 see chart
thus at breakout 12400-2400=> 10000 (chichi2)
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