Dow dropped almost 60 points at the opening, after 30 minutes of trading, the drop has narrowed to about 30 points. As long as Dow does not fall below wave 6 (10,200), wave 8 remains intact. Since the drop is sharp, wave 8 may be completed within a shorter period, much less than the 10 days that I have mentioned previously. After the corrective wave 8, there will be another uptrend wave 9.However, if Dow goes below 10,200 then it may be better to stay away from the market for a while as Dow may be heading for one of the following possibilities.
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