Comments on: Hewison on the Trend of the Dow Jones http://blog.afraidtotrade.com/hewison-on-the-trend-of-the-dow-jones/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 12:53:25 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Corey Rosenbloom http://blog.afraidtotrade.com/hewison-on-the-trend-of-the-dow-jones/comment-page-1/#comment-148335 Corey Rosenbloom Tue, 02 Dec 2008 17:51:20 +0000 http://blog.afraidtotrade.com/?p=3308#comment-148335 I'm hearing a lot of talk about Dow 6,000 and Hewison also states that level. I think Adam holds back in the public videos for time or file size sake but he's quite an experienced investor and has been trading for many years now. I tend to lean on price projections from Elliott Wave combined with Fibonacci extensions/projections. My count has us headed higher into a 4th wave 'end-of-year' rally which Hewison doesn't seem to acknowledge and then plunging into a 5th wave that takes us into early to mid 2009 with targets mentioned in a previous post on the S&P. Assuming equality - because the 3rd wave was the largest - that Wave 5 will Equal Wave 1 (in the Dow/SP, etc), then whenever wave 4 ends (perhaps around the 10,000 level) then project an equal wave of that of the prior Wave 1 (started in October 2007) for a terminal low projection. For the exact number, we'll need to let Wave 4 (corrective) play out first. I’m hearing a lot of talk about Dow 6,000 and Hewison also states that level. I think Adam holds back in the public videos for time or file size sake but he’s quite an experienced investor and has been trading for many years now.

I tend to lean on price projections from Elliott Wave combined with Fibonacci extensions/projections. My count has us headed higher into a 4th wave ‘end-of-year’ rally which Hewison doesn’t seem to acknowledge and then plunging into a 5th wave that takes us into early to mid 2009 with targets mentioned in a previous post on the S&P. Assuming equality – because the 3rd wave was the largest – that Wave 5 will Equal Wave 1 (in the Dow/SP, etc), then whenever wave 4 ends (perhaps around the 10,000 level) then project an equal wave of that of the prior Wave 1 (started in October 2007) for a terminal low projection. For the exact number, we’ll need to let Wave 4 (corrective) play out first.

]]> By: Tom, Wappingers Falls, NY http://blog.afraidtotrade.com/hewison-on-the-trend-of-the-dow-jones/comment-page-1/#comment-148330 Tom, Wappingers Falls, NY Tue, 02 Dec 2008 16:37:58 +0000 http://blog.afraidtotrade.com/?p=3308#comment-148330 Interesting and believable that the Dow will go lower, but he doesn't explain how the new, low target value was derived. Can you say? Interesting and believable that the Dow will go lower, but he doesn’t explain how the new, low target value was derived. Can you say?

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