Wednesday, December 11, 2013

DJIA developing correction UPDATE!



In my first post I identified a brewing sell-off and the screencapture had a price of 16042 (the bright green horizontal line across the screen).  My red arrow seemed to be floating in space ahead of the current price action which was rallying higher right at the time of my capture.  Now I guess it is about 44 hours later and the predicted sell-off is in full effect and the screencapture has a price of 15797!  Not bad for my first prediction and post on the new blog.  This is the power of Elliott Wave if applied correctly.

Happy Holidays!

-- HollywoodTrader

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