Dow Jones ~ Elliott Wave Count ~ 22 October 2014

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Author: Patrick Eugster

Dow Jones ~ Elliott Wave Count ~ 16 October 2014

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Author: Patrick Eugster

S&P 500/Dow Jones ~ 12 October 2014

The Dow and the SPX broke below the lower trendline:

It looks like the trend is down now. I still prefer to see a decline below the August low before turning long-term bearish.

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Author: Patrick Eugster

S&P 500/Dow Jones ~ 8 October 2014

The Dow and the SPX hit the lower trendlines again today:

As long as these trendlines hold, the long-term trend is still up.

If 17140ish and 1984ish break, we should see a rally to the upper trendline again.

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Author: Patrick Eugster

S&P 500/Dow Jones ~ EOD ~ 3 October 2014

The SPX and the Dow hit my target levels yesterday and then started to rally again.

If the Dow breaks 17140ish, we should see a rally to the upper trendline again at 17400ish.

A rally above 1984ish should clear the way for new highs.

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Author: Patrick Eugster

Dow Jones ~ Elliott Wave Count ~ 22 September 2014

If the strong support level.at 17130ish breaks, the Dow Jones could decline to the lower trendline again, currently at 16600.

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Author: Patrick Eugster

Dow Jones ~ Elliott Wave Count ~ 17 September 2014

So far, the diagonal looks pretty good. For a long-term count see here: http://www.wavaholic.com/2014/09/dow-jones-elliott-wave-count-11.html

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Author: Patrick Eugster

Dow Jones ~ Elliott Wave Count ~ 11 September 2014

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Author: Patrick Eugster

Dow Jones ~ Elliott Wave Count ~ 23 January 2014

It looks like we're still in a second wave. If the January highs are breached, we should get the next big rally to much higher levels (third wave).

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Author: Patrick Eugster

Dow Jones ~ Elliott Wave Count ~ 21 January 2014

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Author: Patrick Eugster

Dow Jones ~ Elliott Wave Count ~ 14 January 2014

I slightly adjusted the short-term count:

Yesterday's count is still possible though.

I think that wave [iii] is underway if the 16450ish area is broken.

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Author: Patrick Eugster

Dow Jones ~ Elliott Wave Count ~ 13 January 2014

The Dow Jones declined below the trend line and then dropped an additional 100 handles to around 16250.

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Author: Patrick Eugster

Dow Jones ~ Elliott Wave Count ~ 9 January 2014

The Dow is currently trading inside a bull flag:

If we break above the upper trend line, the rally should continue.

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Author: Patrick Eugster

Dow Jones ~ Elliott Wave Count ~ 8 January 2014

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Author: Patrick Eugster

Dow Jones ~ Elliott Wave Count ~ 7 January 2014

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Author: Patrick Eugster

Dow Jones ~ Elliott Wave Count ~ 6 January 2014

I hope you had a nice holiday season and I wish you all the best in 2014.

Despite the weak first few days in the new year, for now, it looks like this is just a temporary correction.

Important support levels are at around 16100 and 15700. As long as these two levels hold, the medium-term trend is up.

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Author: Patrick Eugster

Dow Jones ~ Elliott Wave Count ~ 23 October 2013

(link to previous count)

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Author: Patrick Eugster

Dow Jones ~ Elliott Wave Count ~ 23 October 2013

The rally continues:

(link to previous count)

So far, no support levels have been breached, thus I'm still bullish.

If the Dow break below 15300 though, a wave C back to this month's lows is likely underway.

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Author: Patrick Eugster

Dow Jones ~ Elliott Wave Count ~ 16 October 2013

(link to previous count)

I moved the level below which wave C is likely underway up to 15170ish from 14950. As long as we are above that though, the trend is still up.

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Author: Patrick Eugster

Dow Jones ~ Elliott Wave Count ~ 15 October 2013

(link to previous count)

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Author: Patrick Eugster