patrick.net

The Dow Jones Industrial Average stalled out this week. It moved sideways in a very narrow range all week. Next week should not be so sluggish.

The Dow hung around the Fibonacci area 17638 where Intermediate wave (5) equals .618 times wave (1), a common point of reversals. It remains to be seen if there is still any gas left in the Dow’s tank.

http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-wave-update-for-week-ending-11142014/