HUGE UPSIDE IN DOW?From the low of July 2011, we can see that we are in the 4th wave of the final leg of bullishness.
Wave 4 still has a small leg to the downside in order to complete the necessary 5 waves to finish the triangle.
42.50 is the apt place to start buying the stock for a target of 60+.
For a detailed wave count, click on
wave-analysis.blogspot.in
2OY trade ideas
$Djia $gc Market Bubble Overlay Macro Cycle 16-18 YRAn overlay on top half of major commodity relationships and indexe / On the bottom major national equity indexes
Notice that the DOW/GOLD ratio has been in decline since June 1999. The wealth created under Alan Greenspan in has been leaving the USA for 15 yrs now fueling bubbles around the world.
We are in a typical 16-18 yr consolidation pattern following a similar length boom from Ronald Regan era that stopped with the Nasaq Tech Crash of 2000 and damage caused from 9/11.
The housing boom/bust & subsequent bubbles since are just reverberations of the original crash.
The Dow Jones oscillates from 16-18 year secular bull and bear cycles consistently for the last 100 years.
Notice that the DOW/GOLD ratio has been in decline since June 1999. The wealth created under Alan Greenspan in has been leaving the USA for 15 yrs now fueling bubbles around the world.