Based on Some Comples Fibonacci calculations to get the BOTTOM IN...I have given a Bottom Range of hardly 60-70 points apart. Once this Bottom is IN...... The MOVE UP on DJIA I believe will be LETHAL. Not Many will even believe the MOVE UP . Once this happens... the DJIA must cross over the 2 Areas marked in Blue Arrows. DJIA will not look back once it crosses over and will Move towards the upper 4 targets. Nothing will happen within a day or a week... So be patient as MArket will TEST YOU
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There is OVER THE TOP NEGATIVE SENTIMENT all Around...... USA into Recession.... UK same..... CREDIT SUISSE GOING UNDER etc etc etc...... The MArket is Looking for JUST 1 GOOD NEWS... and I think it will come from the FED..... Looking at the Scenario, THEY WILL PIVOT or NOT RAISE RATES AGGRESSIVELY HEREON