Today the Dow Jones Industrial Average has fallen to the minimum of 9525.32. This exceeds the Dow Theory projection of 9531.11 posted on this blog on September 17, 2008 by 0.0006%. Nothing that has happened thus far is surprising according to Dow's Theory.
It becomes academic at this point to suggest that we are either going to the 7197.60 level or either of the next three points on the upside:
It becomes academic at this point to suggest that we are either going to the 7197.60 level or either of the next three points on the upside:
- 11,734 (23.18%)
- 12,969 (36.15%)
- 13,727 (44.11%)
Like today's action, the move will be violent on either side up or down in a very short period of time. Touc.
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