28.10.202207:07 Forex Analysis & Reviews: Elliott wave analysis of The Dow Jones Index for October 28, 2022

Just a few days ago, when I was sitting in my living room, my eyes wandered over some of my books. What caught my eye was the book whose cover you now see in the right upper corner of the chart. Its title is "Super Boom". I remember having read the book that was first published in March 2011, not long after the Great Financial crisis had completed and the conclusion was, that writer Jeff Hirsch expected a strong rally in the Dow Jones Industrial index in the years ahead. He predicted that it could reach a peak at 38,820 in 2025, which he then moderated to a peak in 2020 at 38,820. Well, the DJI indeed peaked at 36,952 on the first trading day of 2022, missing only 5% of its expected top at 38,820. Not bad at all. So it's possible to foresay the price movement in the stock market if your knowledge and methodic are strong enough.