Chart Wizard Trading

Expert Elliott Wave Analysis

Dow Jones

DJIA: Proceed with Caution

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The previous primary count for the DJIA is invalidated. It's hard to believe but the market continues to advance on a narrow list of stocks. There is not a way label an analytically pleasing 5 wave move from the October 2022 low. Therefore, the next count remains corrective. Elliott described B waves as phonies, orgies of odd lotter mentality, rarely technically strong, and … [Read more...] about DJIA: Proceed with Caution

Are We Just Moving the Goal Post?

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I've changed the count for the Dow Jones Industrial Average. The July High Broke. Am am simply moving the goal post to meet a pre conceived narrative? As much as it may seem that way to many who do not understand the fractal nature of financial markets, I am not. My job is to determine the most probable outcome. Analyze the market in totality and certainly NOT to simply label … [Read more...] about Are We Just Moving the Goal Post?