[Forecast] Quick Look At DOW and NASDAQ For 12.21.15 10:20AM ET


DOW – DOW could be in the middle of an upward 4, but at this level would need to rally another 80-100 points to confirm a full 382 move and possible bottom…best case scenario is a “double bottom A or C” wave with 5 waves down near completion…we got this touch and go bottom reversal a month ago..same style.

NASDAQ – All NASDAQ needs to do is hit 4975-4977 and a 382 upward W4 retracement would be in play and formed..if we get that the entire downward 3 we’ve seen since last week would come to an end and all that would be left is a 5 down and reversal..the positive move we’ve seen today was quite important in stopping the scary ferocious downward C and downward 3 in the past 2-3 days.

About the Author

CEO Ted Aguhob, Master Elliottician and Technical Analyst, Day And Swing Trader, Website Designer And Marketer, Artist, Producer and Musician has provided content to gemxwave.com, wavegenius.com and masterofcharts.com for over 14 years. The biggest breakthrough as a blogger came in 2013 when Wavegenius.com produced a net profit of over $177,000 and became one of the highest earning blogs in the entire country. Many of his biggest and most amazing calls appeared on major financial websites like Thestreet.com, Yahoo Finance and MSN Money, was a radio personality on Washington DC Radio, and has a following in the tens of thousands for many years. Ted is known for his charisma, vision, creativity and better yet.."genius."