UPDATE: Dow Jones – no retreat, 19000 by September 2015

In my last alert, I expected end of its six year rally on certain conditions (see http://trikaaltrading.blogspot.in/2014/08/big-alert-exit-dow-jones-it-may-retreat.html), those conditions were not met and DJI bounced back and is now set for further rise.

If DJI sustains above 17000, which it should, it may rise to 161.8% Fibonacci level near 19000. If it remains within its Andrew’s Pitch Fork, it may reach 19000 by September 2015.

EURUSD Long Term View: Target achieved.

It was posted on 30, May 2014 here (http://trikaaltrading.blogspot.in/2014_05_01_archive.html ) that "The downside target for current fall is 1.314 within one year.", and EURUSD was 1.363 at that time. 

The currency pair achieved my yearly target in a rather short time of three months. On 28th August, the closing for EURUSD was 1.3132. 

And After ECB's Draghi's rate cut today, EURUSD has now crashed to 1.3044. 

I am closing this call here, and will not be tracking it further.