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November 30, 2006

The Dow Jones Utilities Agree with Our Analysis of the Markets
by Dominick

One precursor of a possible more important market peak could be the DJ Utilities Index, which appears to be nearing an important peak from an Elliott point of view. The Utilities are in their final advance after spending eight months within a contracting triangle. Seems as if the 4th wave of (5) is also in a triangle pacing itself for a year end rally. 2 measured moves are just over head where this market could finally peak after a four year advance.

Dominick,
a.k.a. Spwaver
TradingTheCharts.com

This update is provided as general information and is not an investment recommendation. TTC accepts no liability whatsoever for any losses resulting from action taken based on the contents of its charts, commentaries, or price data. Securities and commodities markets involve inherent risk and not all positions are suitable for each individual. Check with your licensed financial advisor or broker prior to taking any action.

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