The New CS Board

[dindindon]

09/15/14 DJI

Monday, 07/21/14 10:26:50 AM link

On 07/17/14, Dow Jones Index DJI marked an all time intraday high 17151.56. The aberration is only 1.31 points from my projection made on 04/01: 16719.24 -16810.54-17150.25.
It is still too soon to say 17150 is a good terminal point.

To explorer higher side, i need to tabulate two more Fibonacci extensions:
( EDIT: ...... skip ..... )

At this moment, let us focus on the possible pullback target,

So, We got a pullback down to 16333.78 on 08/07. Without downward violation on 16333.78, the upside target can be estimated by the trajectory DJI has deployed.

As the chart illustrated: 17365-17499 is the gauge (and the resistance) for the new assault above 18000, may be in between 18062-18485. (+5.2-7.7% above the recent high 17161.55)