Market Review and Trends
DOW Jones Index – When I analysed this with US$ Index – Wow, I was surprised on the upside!
By Wealth Directions  •  January 29, 2015
Since DOW hit 18,000 briefly in late Dec 2014, it has made some volatile moves.  Up or down as much as 400 points in a day.  This is the problem in looking at the shorter term, and if you are playing it in the shorter term as well. I love to see big picture.  What I mean is that I like to see longer terms chart.  And of course, with my favorite, I’ve been using ABC Wave Pattern to guide me in looking the next target. See the two charts of DOW Jones index and US$ index below.  They are 35 years time frame.  (US$ index is the US$ average against a basket of other international currencies, such as Yen, Pound-sterling, Euro, etc.) Notice the yellow circles on the US$ chart.  They formed similar pattern (if you agree with me, of course). The first circle shows that US$ is “fiercely” ......
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By Wealth Directions
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