Dow Jones Average-Daily

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Here is a Daily chart of the YM (Dow $5X). All of the upward sloping blue lines which appear to be overlayed on price is actually the heliocentric movement of Mercury. It is amazing to see how the Dow moves at a speed very closely linked with the speed at which Mercury orbits the Sun (heliocentric). Even the price declines occur at speeds which corellate with mercury's orbital speed. From the FXCM chart package you will know that the "Gann Fan" has mulitipliers,for example 1x2, 2x1, 4x1 etc. These same multipliers are applied to mercury to get different rates of orbit (Planetary Fans). The wave 2 decline for example uses the Gann multiplier of 1x2, all the other fan lines use the standard 1x1 aspect.You can see that waves 1 and 3 terminate during the periods when Venus is at its maximum southern declination. These periods are highlighted with purple boxes.

Corrective wave 2 takes as long to form as it takes Mercury (red indicator) to move from maximum south declination to maximum north declination. Wave 3 also terminates when Mercury is at max-north declination. If wave 4 lasts for half of one Mercury declination cycle as did wave 2, then we look for wave 4 to end Feb 15-19, 2010. If price does not reverse, then look for price to reverse next period of declination.If the wave 5 rally occurs at a speed which is linked again to the helio-orbit Mercury then you can project roughly the date that wave 5 will reach a fibonacci target or gann target.Not all major turning points occur at max declination. Sometimes they occur when the planet is at the equator (5a). The time target of 5a coincides with the March 17, 2010 target for peak wave 5. If a downside reversal does not occur at March 17, 2010, then we look for major price decline at next phase of max declination March 31, 2010 (5b).

Finally, the large upward sloping blue line which at first appears to be a horribly drawn trendline, tracks Mercury's geocentric (earth) orbit. You can see how corrective wave 2 terminated at this line. Since the Dow has not broken through this support line to date, we can speculate that it could hold as support now and the max declination signal of wave 4 termination is an accurate assumption.