Monday, December 22, 2008

US Stock Market...Possible Early Warning, December 22, 2008

All three US Market Indexes are showing the beginning of a possible important downturn. The graph is just starting to break below the trendlines that have been in force for the last month. This is properly an early warning. The Canadian Stock Market is not quite there yet but it could easily follow.

Monday, December 15, 2008

DJIA Index Elliott Wave Count December 15, 2008

I am posting this chart for the benefit of those who follow the EWP. If this interpretation turns out to be correct, this US Index will soon see new lows. I see similar patterns in the SP500 and Canadian TSX Composite.