[Update] Elliott Wave Look At DOW and NASDAQ 1.08.16 10:10AM ET

DOW – DOW fell way short of forming the 382 W4 necessary to at LEAST stop the downward 3, but the fade has been dramatic from the futures highs and is about to turn deep negative again…worst case scenario is a retest of the A wave low set at 15,400 in August..if it’s a big nasty deep red fade today we may see that.

NASDAQ – NASDAQ had the best opportunity to get the 382 W4, and it like the DOW failed to form it. ┬áThis means we may see a much bigger drop and fade in a downward 3 which may target 4300-4500 range in a 1.618 move.

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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."

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