Dow Jones At a Turning Point?

Long Wave Trend

The Dow Jones may be topping out here...

The MarketBOB Long Wave has been recovering since Watchmen opened in March of 2009.  Elm Street in April, 2010 marked a correction in the bull run, to the low which reversed with The Twilight Saga: Eclipse. We have now reached new highs, confirming the extension of the bull run, now almost 2 years in length.  Will this rally ever end?  The aptly named Unknown marks the first break in the rally this year and may be the start of a “healthy correction” or something much worse if you follow the Elliott Wave Theory or follow the events in Japan, the Middle East and Europe.  See below for a full chart of top box office movies and the weekly DOW performance.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s