Replies to post #36415 on Bagman's charts, watchlists, scans and etc.

[gb55]

hi jimski


that's what my chart is saying too....in a different language....measured move down of 2,000 points to 6,200....i hope we look like fools and the market rockets up and never looks back. :)

[langlui]

great explanation and I tend to agree. I too look for
"bottom" of 6,200

[langlui]

Hi Jimski, can you give us an update on this INDU chart after the mini capitulation today? Thx.

[Jimski]

Dow Jones Elliott Wave structure......
Here is an updated version of what the Dow Jones Elliott wave structure is IMO. Looks to me that a larger symmetrical triangle is forming which is an Elliott type ( 5 waves A to E). After those are complete then I am afraid it's down again to 6000-7000. Have to see what happens but that what is what it looks like to me to be the most probable outcome. All IMO and of course I could be totally wrong.

[Jimski]

Dow Jones Down Wave 5 in progress now IMO . Link back for chart