Friday, October 7, 2011, www.echovectorvest.com, DIA, Refer to: DIA ETF WaveSignalGuideChart www.EchoVectorVEST.com Trader's Edge Guide Chart for September 2011. Release No. 2 at: http://echovectorvest.blogspot.com
DIA ETF WaveSignalGuideChart http://www.echovectorvest.com/ ProtectVEST and AdvanceVEST by EchovectorVEST Trader's Edge Guide Chart: DIA: September 2011 Release No. 2
Taking note of the first week of July 2011 'Quarterly EchoVector BackEcho' Price Bottom coming in at about $118 on the DIA, and the DIA's subsequent rally through the July 'earnings report calendar month' to a top of about $127.5, being a gain from phase bottom of about $9.5, or about 8%.
EchoVectorVEST sees this $9-10 point additional gain on the DIA equivalency basis, from the recent current phase bottom of $104 which occurred earlier this week within this Echo-phase of the Quarterly EchoVector, as a significant price level Quarterly EchoVector Price Challenge Area, to any price level gains from the 104 DIA price bottom, occurring through this month.
Presently, EchovectorVest calls for the re-application of full portfolio hedge insurance lifted at $104 on the DIA equivalency basis earlier this week in this 'plus $9.5 higher' area. Short-term oversold conditions seem moderating.
$104 plus $9.5 equals $113.5 So, in EchoectorVEST'sV current view, the $11,300 to $11,400 price area on the DJIA30 represents a key challenge area to any price gains this October 2011 earnings report month from this week's low of $10,400. On the bi-quarterly EchoVector this is a plus $13.2 on the DIA. So the $117.5 area remains a key challenge area to the DIA also going forward. These are areas for consideration of primary major market hedge insurance application.
The Trader's Edge Guide Chart: DIA: October 2011 Release No. 1, will be released for public viewing soon.
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