DJI - Important long term time-window reached

DJI important long term time-window reached 

The month of October 2014 is where the rally from July 1932 low at 40.56 has taken 987 months. 987 is a Fibonacci number (311+610) and this could prove to be a most important time-window. I think we saw a top at 17,350 and wave E of the expanding triangle is unfolding for a strong decline towards 5,700 in super cucle wave [IV].

You might argue that the top was found at 986 months and not 987, but time-windows like this should always be 987 +/- 1, so I will still argue that we have hit a potential long term important time-window perfectly.

We still can't confirm an important top being in place, but a break below 16,937 will be the first indication of an important top being in place, while a break below the ending diagonal support-line near 16,650 is needed to confirm the top for a decline to the origin of the ending diagonal at 14,719 (see the chart below).

DJI - Long term time-window reached 

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Duane
2014-05-26
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2014-06-06
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2014-05-28
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