Monthly Trade Set-Up

Below is a monthly chart of the DJIA with the Monthly Trend Model and Elliott Wave analysis courtesy of Advanced GET:

 Advanced GET Mechanical SELL SIGNAL:

(1) Measured 4th wave;
(2) Oscillator back to zero line (bottom study);
(3) False bar stochastic Sell Signal;
(4) Break of trend regression channels.

What is missing, so far, is the Trend Model Sell Signal. But on a Monthly chart, this will always be a lagging indicator with way too much lag to be of any worth in trading.   We have seen in the last two monthly bars how that Monthly Trend Line has attracted prices, but repelled them both times. Will the next time finally break the back of this last remaining vestige of the 2009 bull market?

I find it fascinating how this particular trade set up works on all time frames.  I used it last week on an hourly chart that I sent out to subscribers that just nailed a mid-day reversal.  Here today, we see how it applies to a much larger time frame.  I have been using this trade set-up since 1995 and it works just as well now as it did the 20th Century.   For our purposes, giving us an edge for the next few months will have to do.


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