Elliot Wave - The Indexes

General Discussion
#1

Wave count on the DOW, is showing a very high possibility of a wave 3 scenario to the downside. Especially after the finish today. I am agreeing with BAM on this one. Jim’s forecast is lining up here. If you follow Elliot wave Theory then you will be aware that a wave 3 is normally the main mover of the structure. I’m expecting it may possibly start in tomorrows trading day or the after hours of todays trading. I’m just giving you guys a heads up. I’m not a financial advisor or anything of the sort. I just don’t want anyone here getting their fingers burnt if you are long on the indexes as what I have seen this is a high probability scenario. Also if you fancy riding the lightning down then this is a good as opportunity as ever. Nothing is certain, but as stated. My wave count is telling me to be short on the indexes pronto and I am. Good luck in your trading, investing and life in general!!

#2

Appreciate the input. Thank you.

1 Like
#3

Thanks for more insight. Always helps when more people see the same thing.

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