Wednesday, October 5, 2011

Long Term INDU Count

A reader emailed me a few days ago asking if the current period is mimicking the 1976 period. Honestly I hadn't looked at my long term chart in a while but only did so in response to the reader.

Anyway, the answer is yes, at least that is how it appears and how I had it labeled. The hope rally is still working on wave D and so far based on the other long term counts I have presented either a wave W completed so far or a wave A of D.

Notice how wave 4 alternates nicely with wave 2?

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