Thursday, January 19, 2012

Golden Cross

I haven't heard/read anyone mention the golden cross for the DJI. More importantly from a wave perspective, the DJI has now retraced the 5/11-10/11 leg down 90%.

This sets up the market for at least a flat if the more bullish scenario is not playing out. The DJI is leading my primary daily count , which I suspect is trying to do the same thing at minimum.

blog comments powered by Disqus