Dow Jones Industrial , My last post was short from 17100 and under and it did work, Dow went down all the way to 16333 before the pull back that is taking place now, the down move was for 700 points, it was very nice but not an easy move.
Since the beginning of August Dow seeing a nice pull back up, last week reached as high as 16775 and closed the week at 16662. the are we have to watch now is 16910 – 16800 to act as resistance, if this area broken again, Down will continue up to 17250 and 17500.
If this ares hold any further advance we will see a second leg down to 16200 and 15500, breaking under 16200 is the key to continue the down move to 15500. Over all trend as of last week close remain bullish.
Dow Jones Indutrial
Elliott Wave Harmonic 