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Market Watch Weekly – Dow’s Predictions on All Ords, FTSE, and Elliott Wave Prediction Coming True

By Dave McLachlan

Click below for the latest Market Watch Video (if you can’t see the video, click the link above).

UPDATE:

A massive week this week guys!  The market has done exactly what we thought it would over the last few weeks, which is always nice.  This is because the All Ords, FTSE, and Dow Jones had crossed above their trend line and made a higher trough and higher peak – giving us a short term up trend.

As a bonus this week we look at another part of Charles Dow’s theory – his 3 waves and where we are in the cycle – and what to expect in the future based on Dow’s Theory.  Really great stuff!

And finally, we look at the Elliott Wave prediction on the Hang Seng which is coming to fruition.  As John “Hannibal” Smith from the A Team would say: “I love it when a plan comes together!”

Check out the video below, leave comments if you like it and subscribe in the top right!

As always, thanks heaps for checking out ASX Market Watch – Subscribe in the top right hand corner for weekly updates! 

Of course please do your own due diligence - a great place to start is the free trading and investment course on this site.  Check out my personal Trading Diary if you want to see me practice what I preach. 

Happy trending,

Dave

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August 7, 2010  Tags: all ords, asx chart, asx market watch, asx trend, bear market, dow theory, elliott wave, FTSE, hang seng, Predictions, top 200, william o'neil  Posted in: Market Watch Weekly

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