Refer to my previous posts, assuming Dow has been forming a mega wave 6 since October 2009's peak, if my hypothesis is correct and Dow is at the final journey of the wave b rebound, to know whether the major wave c has started is very important.
Refer to the above chart and the resistance line Y-Y, the first indication that major wave c has started is when Dow moved below the line Y-Y. And when it dropped below the low of wave 4 of around 11,000, to me, it is definitely 'major wave c in motion'.An interesting article
Click to read "British Housewife Speaks Out".
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