Elliott Wave 5.0 "Reboot"

Friday, March 25, 2016

Mini DJIA Intraday Review: Another Do Or Die Situation.



There will be very few updates this weekend but I will post some.

The Mini DJIA has come back violently and at this time has come back a bit more that I would like.  The bottom trend line is now the important one as the DJIA  would also be banging up against resistance. If the impulse is real then it must continue and show us a 4th wave with a new high as well.   The spike sure indicates a potential correction is coming and the markets could head south and produce yet another leg down. 

Even though there is the potential for the markets to head down big time,  there are far to many corrective waves still above us, for this to happen for a long trip down. Have patience, as this market will head into a recession as every government, corporation and private people are buried with insane debt loads that eventually must get adjusted.  This can happen in several ways, as rates could rise in a major spike or, people are choking and gagging in debt and refuse to borrow anymore.




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