Elliott Wave 5.0 "Reboot"

Wednesday, February 24, 2016

Mini DJIA Intraday Crash Review

This is just going to be a quick posting as I may have time to do more later on today.
The DJIA is now approaching optimum where it looks the best as it traveled very steep in the last parts of a decline. Hopefully this is not an "A" wave stop, as then we would see a rally and then another complete crash just like what we just had. We could see more downside in the short term, but either way another rally should ensue soon.

Oil has crashed along with stocks so and stock rally should also give us an oil rally. Gold has gone through the roof so to speak, hitting another insane gold/oil ratio of 40:1