Dow - How high can major wave B go?

At this juncture I personally feel that Dow is likely in major wave B. As I have explained previously, statistically Dow can put on another 15% after a 10-day upward streak, that will bring Dow to 9093x1.15 = 10450. Refer to the chart below, if Dow can recoup 50% of its losses, major wave B can reach 10350.


Assuming the current wave B can reach 10400, Dow will have another 1300 points in front. The risk may be getting higher but we can always enjoy the ride with care.
As illustrated above, Dow is at the end of wave 1 of major wave (III). Wave 2 provides good entry point for those that wish to ride this last train with extreme care. Wave (III) of B can be quite unpredictable, it can fall short, it can also be extended. But looking at the economic environment at this moment and the reported increase in May's industrial output by China and Germany, wave (III) is unlikely to fall short but it is good to be careful, anything can happen in stock market. Who knows by September Dow's wave form has evolved into something else. So let's enjoy the ride tentatively to 10400 first before the Major C comes.