DJ Automobile index - remains powerfu
As I watch global market volatility one way to clear your head is to look at sector indices and see if they are ending something or starting a collapse and that is not the case. So here is the Dow Jones Auto index. Wave 3 started and is not over. we are only in iii of 3 as of now. So till we complete 5 waves we do not even start a correction. And prices are inside very good channels. So apart from day to volatility there is no major trend reversal in markets based on this chart.