Exactly a month back, on 18th August, when we discussed the Elliott Wave outlook for the Dow Jones Industrial Average, we identified 11725 as a key level. The index topped out at 11712 and came off by over 7%. However, we are witnessing yet another recovery in this complex correction, and so a new key level emerges for our next directional trade. This comes at 11940. If we approach that level with diminishing volume, it makes sense to turn short there with a nearby stop. I still have not given up on the move to 9970 at this point in time. Ramki
Ramki on Twitter 
Subscribe for FREE by Email
Wave update on the DOW. Did we see a short term top today?
Dear Ramki,
As per ur view abt dow comes @9600
Please take a look on it and update about dow.
Prithvi, There is no change in my view on the Dow.
Sir, Dow has moved up a lot. Does this mean that bear phase for DOW is over?