The Dow Jones Industrials Average current uptrend is approaching the "End Zone"

The stock market rally that began on November 16, 2012 will soon end.

Based on our calculations, we predict that the target price for this uptrend on the Dow Jones Industrials Average index will be between the range of 13,778 and 14,297, with an average target price of 14,037.

The graph shows that we are in the 3rd and final thrust upwards (Elliot wave 5 equivalent) with the DJIA closing at 13,435 on Friday January 4, 2013.

Since the bottom of the market in March 2009, most of these final thrusts have failed prematurely without reaching their calculated targets. With the Q4 earnings season beginning this week in the U.S., we expect that we may see increased volatility, although recent reductions in earnings estimates may in fact serve to propel the market higher if companies are able to beat their numbers and provide encouraging guidance for the next quarter.

After the market finishes this last thrust upwards, it is likely to fall in price over a period of several weeks (or few months), depending on the severity of the economic news.

DISCLAIMER: This blog shall not be perceived as investment advice. This is a personal diary of our thoughts on the markets. Consult a professional broker or adviser before investing .  Any opinions, news, research, analyses, prices, or other information contained on this blog are shared as personal thoughts and provided as general commentary only.