Wednesday, July 14, 2010

DJI by elliot wave perspective


Yesterday it was impressive trading day, we saw how DJI cross over 50MA, ٍHowever i still with bearish mood. No one of indicator give a clear signal that support bullish trend.


Sometimes when market do not give a clear view, i use elliott wave as a consult tool that make the picture more clearly. 

i try to count a DJI, In spite of there many counting are acceptable but all other count in same way, The way where leading market to new lows.

Penetrating 11200 , lead to change everything.

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