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Strategies & Market Trends : Technical Analysis With Charts

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From: MACD X10/22/2008 2:56:33 AM
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my current thoughts on the market and the Dow

stockcharts.com

The chart above is of the Dow Jones Industrials, and from a chartist point of view the down fall should be over at least for a tradeable bottom.

Everything that I have pointed out on the chart indicates that a complete pattern has unfolded.

In the worst case it is wave A of and ABC pattern in which case it should retrace 1/2 of the downfall or so.

I have seen other predictors saying their is one more fall but My opinion is that it is over for now.

other thoughts and view are welcome as always.
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