Friday, May 21, 2010

DJI short term

In this post i will follow dow movement by analysis of ( DIA).





i thnk will see a more decline monday.



24 May




i think there are a last decline as a fifth wave.




27 May





as i predicted before, dji completed a wave 1 or b whatever, now target is 62% , and waiting penetrating a nickline.




2 Jun




i think will see more decline to 9900 as a wave B then small rally to 10200



3 Jun



Dji almost reach to 10000 which was wave b, now wave c is running, its estimated goal near to 62% = 104,7



4 Jun





bearish wedge, dji heading to 9800 



9 Jun




dji is moving as i expected before, now its near 9800 which is a support area (see above chart)

regardless of a short term bullish counting, i think dow will move to a resistance area near 10300

maybe today or next week will see this prices of dji.





16 Jun



That what i excepted to happen. First will see little decline then advance as a c wave 





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