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Monday, September 28, 2009

DJI - Is the top in place or do we need one more rally higher?


(Click at the picture to enlarge)


My count suggest that the top is in place with the 9,917.31 high, but as long as the wave i of red c top at 9,619.70 isn't broken we can't exclude that we need one more rally closer to the 10,000 mark (see the altenate count).
If the Alternate is the correct one, we should see one last move higher towards the 9,923 - 9,953 area, with a slight possibility to see DJI all the way up to 10,097, before the top is finally in place.


No matter what scenario turns out to be the right one, we are very close to the top and should not loose sight of that fact.

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