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A Special Letter about the State of the Stock Market

Dear Fellow Elliotticians Most major stock markets have been in a bull market for almost a decade. Unfortunately, after last week’s selloff it is now evident that this bull market is over. The S&P 500 is down 17.8% from its all-time high reached three months ago, despite a still strong economy and relatively low interest…

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Dow Jones: Has the Crash Begun? Maybe

Historically speaking, October is one of the good months to be invested in the American stock market. According to Business Insider U.S. equities have mostly ended this month in positive territory, averaging 0.4% gain in the month of October since 1929. Not this October, though, and not for the Dow Jones Industrial. Excluding dividends, the…

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Dow Jones at Risk of Losing 2000 Points

It has been almost four months since the last time we examined the Dow Jones Industrial Average on March 29th. The benchmark index was still unable to recover from the sharp plunge to 23 360 in February. And while many hurried to declare the death of the post-2009 bull market, we instead decided to take…

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DJIA Bulls Still Alive After Two Months of Slaughter

DJIA bulls have not been in a good shape during the last two months, to say the least. The index registered its all-time high of 26 617 on January 26th, 2018, but has been in tailspin ever since, falling to as low as 23 360 on February 9th. After a swift but short-lived recovery to 25…

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DJIA Worst Day Ever in Elliott Wave Context

The DJIA fell by 1175 points on Monday, marking the worst daily decline in its entire 122-year history. In percentage points, however, yesterday’s selloff was not as big as Black Monday‘s 508-point crash on October 19, 1987, but it was still big and fast enough to make some investors wonder if this is the end…

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DJIA: Extended Fifth Wave In Progress

The last time we wrote about the DJIA was in December, 2016. The most important benchmark index was approaching  19 800, in our opinion “transforming optimism into mania”. However, the Elliott Wave Principle suggested the bulls were about to go even higher. The 22 000 mark looked like a reasonable target, despite the fact that…

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DJIA Transforms Optimism Into Mania

The last time we wrote about DJIA, the index was just breached 18 700. In the article we published on November 10th, we examined the weekly chart of the Dow, which appeared to be showing a bearish pattern called an ending diagonal, which could have spelled the end of the bull market, which began in…

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This DJIA Pattern Screams “Abandon Ship”

If you have read our article about DJIA’s long-term prospects, you know that the bulls have been swimming in very deep and dangerous waters for while now. The shorter-term outlook, however, suggested that a new all-time high should be expected before things get complicated. This is the chart we published back in August, while the…

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DJIA Since The Great Depression, Our View

The financial world remembers the Great Depression of 1929-1932 as the most devastating period of the 20th century. Between September 1929 and July 1932, the Dow Jones Industrial Average (DJIA) plunged nearly 90%, from as high as 386 to slightly above 40. The crisis then spread to other countries before eventually taking over the whole world. And…

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The Skyscraper Curse

In the 1940s, Edward R. Dewey hypothesized, that the tallest buildings are usually completed after significant market peaks. This infographic will show you six market crashes, that occurred throughout a period of more than a century, as well as eleven skyscrapers, corresponding to these crises. They all seem to be confirming Dewey’s hypothesis. Is it…

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DJIA And Why You Should Not Worry… Yet

The Dow Jones Industrial Average(DJIA) is probably the most important benchmark stock market index in the world. As such, every move it makes is closely observed. If the move in question is a little bigger and points south, panic is usually not too far away. In this material we will use the Elliott Wave Principle,…

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Dow Jones Makes It Two In A Row!

It has been more than five months. On March 19th, 2015, we published “Dow Facing Another “STOP” Sign?”, where we warned you about an ending diagonal developing on the daily chart of Dow Jones Industrial Average. That Elliott Wave pattern made us think “there is a good chance for a decline of more than 2300…

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Dow Facing Another “STOP” Sign?

The last time we expressed our concerns about the Dow Jones Industrial Average was in “Dow Above 17 000 Again, But…” . In that material we warned you about an ending diagonal forming on the daily chart. To those, who use the Elliott Wave Principle, this pattern signals for a violent reversal ahead. You can see…

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Charles Dow and The Theory of Trends

Charles Henry Dow (1851-1902), born in Sterling, Connecticut, was a newspaper journalist during his whole life. In 1882, two years after moving to New York, Dow co-founded “DowJones&Company” with Edward Jones and Charles Bergstresser. The company’s offices were right next to the New York Stock Exchange. This location was important, because customers on the NYSE…

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The Wave Principle and “The Panic of 1907”

Have you ever heard of “The Panic of 1907”? Before the Great Depression of 1929-1933, 1907 was known as one of the worst years in the history of the stock market. Needless to say nobody saw it coming when the Dow Jones Industrial Average climbed above the 100 dollar mark for the first time in January 1906.…

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