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Why To Expect A 1000+ Point Decline For The Dow!

  • Written by Syndicated Publisher No Comments Comments
    November 18, 2013

    In this weekend’s free video log we review a range of technical indicators that suggest the Dow Jones Industrial Average (INDU) is poised to make a significant price reversal and decline, at least in the order of 1000 points.  The indicators suggesting such a decline are varied and include, standard price deviation, mean reversion, contrarian investor sentiment measures and momentum studies to name a few.

    It is also important to note that these measures are all ‘indicators’ and are not definitive trend timing models such are our proprietary trend analytics models are – which continue to remain firmly bullish for the Dow Jones Industrial Average, (indicating that there is no reason to be assuming a bearish bias on this index at this time).

    Having said that, the indicators that we look at today certainly add an ‘air of inevitability’ to this upcoming decline, which will most certainly catch many unprepared.

    Please enjoy the video!

    [youtube]http://youtu.be/60LLCqVtDCM[/youtube]

    ..

    Paul Thomason

    Editor, Elliott Wave Market Service

    Images: via Flickr (licence attribution)

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