The move off the Oct' 03 lows looks motive. The divergence between the DJI and the other markets can be explained. The past 2 years the markets have been in a wave 4 triangle consolidation. The DJI formed a symmetrical traingle while the others formed a running triangle. The recent rally off the OCt '05 lows is the final wave 5. Notice how quickly it shot up, as is typical with post triangle moves.
Of the Oct '05 wave 5, it is more than half way complete. The top is very close, and tough to call. The DJI should make new 52 week highs as the other did. Chances are good that it will not make all-time highs. This truncation signals a crash next year.
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