A few quick comments before the open November 1, 2019

Posted by professor  at November 4th, 2019

In yesterday’s late Comments, I mentioned that because the early decline DID NOT have the required follow through to be considered part of an impulsive wave structure, it was likely part of a corrective wave, either a wave 4 down or a minor wave d down. If this is the case, the Dow should make one more final rally to a top during the next few days. This rally will likely be wave ‘e’ up of the Ending Diagonal Pattern shown on the attached chart. Once complete, the markets should begin to move lowed, with the target being where the Ending Diagonal began.

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Not sure of the terminology we use? Check out these articles

The Hockey Stick Pattern
The Creation of Waves and Trends
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