The TD Price Projection, based on the max range of the prior high above the TD Line break on 1/29 on the daily chart (range above line subtracted from that line is 15041) (TD line is the Green line tying to multiple nodes of support/resistance), is denoted by the pink crosses on the chart below.
That projection also corresponds also with the 1.272 retrace line and the TD Demand Line on the weekly chart.
If that fails then 14719 is the TD Wave starting point which would be support. 14020 is the TD Price Projection on the weekly chart (first generated by the TD Line break corresponding with the Oct 2013 low) but that can take months to come into play.
Interestingly, the Dec 2013 Dow high came at the TD Wave Price Projection and Fib TD 1597 from the Oct 11, 2007 Dow TD Wave High.
This is the largest decline both in points and time since 2011. This suggests that a subsequent IT high from a late Feb 2014 low should be a significant indication of the longer term trend.
If the Dow can't exceed it's Dec peak, then we may ultimately get a Dow sell signal and a seasonal peak of extremely short duration, which would be a significant signal to many eyes.
ATB
Geo
