The Big Picture with the ETF: DIA. This is the Dow Jones Industrial Average 
daily chart (The ETF index fund DIA is being used). I zoomed in to closely examine the recent activity. I chose to use a daily chart to highlight some of the most recent trading days. I drew three arrows over down days on higher volume. In each of those days, volume was higher compared to the previous trading day.
This is the Dow Jones Industrial Average weekly chart (The ETF index fund DIA is being used). 
The “Big” Picture ending this week captures the rally from the March 2009 low. I zoomed in to more closely examine the recent activity. I chose to use a weekly chart to continue to reinforce the idea that the market has been going up on lower and lower volume.
This is the Dow Jones Industrial Average daily chart 
(The ETF index fund DIA is being used). The “Big” Picture ending this week captures the rally from the March 2009 low. I zoomed in to more closely examine the recent activity. As noted two weeks ago, the market was declining on stronger volume. However, as the market rallied this week, notice the decline in volume. On Thursday, November 12, the market once again went down on higher volume. This seems to be a continuing theme.
This is the Dow Jones Industrial Average daily chart (The ETF index fund DIA is being used). 
The “Big” Picture ending this week captures the rally from the March 2009 low. I zoomed in to more closely examine the recent activity. As noted last week, the market was declining on much stronger volume. This would indicate that large institutional investors are selling shares. However, as the market rallied this week, notice the decline in volume.
This is the Dow Jones Industrial Average weekly chart 
(The ETF index fund DIA is being used.). Basically, there is an idealized wave structure that is emerging: wave (2) is nearing a top or has already hit a top. In our last discussion, we noted that the INDU was ready to turn to the downside. The turn came about in a see-saw, back-and-forth action that would make even the savviest investor’s head twirl. However, we talked about volume decreasing on the way up; the opposite pattern is emerging right now on the chart.
December 2009 Elliott Wave Analysis
October 2009 Elliott Wave Analysis
