patrick.net

This week’s update finds the Dow Jones Industrial Average at a *critical juncture. There are always numerous possibilities for wave counts, but this coming week will be decisive in determining the direction the market wants to take. I have selected one Primary and two Alternate scenarios for the coming week. If the market decides it likes one of the alternates, there could be several more months of bullishness. If it chooses the other alternate or the primary, further collapse is imminent and there is no bottom in sight.

Global deflationary pressures are weighing heavily on every stock market in the world. While U.S. market analysts and economists seem to think the U.S. is immune from the obvious pressures being felt by Europe, Russia, Asia, Australia and every other country in the world, they will soon be forced to face the harsh reality that America is not decoupled from the problems of the rest of the world.

http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-wave-update-for-week-ending-1302015/