DJIA: Multi-Generational Top at 15,000?

Well, cycles and other timing confluences haven't worked for market turning points in the land of quantitative counterfeiting for the last few years. I guess we'll find out soon if major price projection confluences will work to mark turns in the market.

Posted below are some very long-term charts showing geometric price projections and Elliott Wave counts that all line up with the potential for a major, multi-generational top in the 15,000 area of the DJIA cash index. If these projections are going to mark a major top, and giving this a 2% margin of slippage, I would expect the top to occur at 15,000 +/- 300 points. As of last week, the Dow is in this window. As noted on the two charts, splitting the difference between the two projections (14,983 and 15,017) arrives at exactly 15,000. I would think if 15,000 is going to be THE top, the market would probably break through that level a bit so the papers and CNBC could celebrate: "DOW Hits 15,000!!!!". But it would be interesting if it did peak at exactly 15,000. A guy can dream can't he?

Kim Rice 4/14/13