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Wednesday, October 9, 2013

Elliott wave analysis of DJI - Is an important top in place?

Dow Jones Industrial Index:

Please see my post from September 22 here first: http://theelliottwavesufer.blogspot.dk/2013/09/elliott-wave-analysis-of-dji-and.html

Yesterday we saw a break below a minor support-line, which is a warning, that this uptrend is getting awful tired. Well this is a weekly chart and the week is not over yet, but we should still stay alert to its possible message.

The next warning will be a break below 14,760 and even more important a break below 14,551, which will confirm the test of 15,709 as an important long term top.





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