Dow - Option 1 & 2 - Timeframe Part II

As mentioned in my 7th March 2012's post, if Dow is heading for Option 2, there is no immediate danger as major wave B is likely to last until end of 2012.


It is Option 1 that we have to be careful as wave 2 of major wave C has either ended or about to end very very soon.


In the wave count as shown below, I assumed that wave 2 of major wave C has ended. This wave count can be confirmed if Dow can break the lower trend line in the coming week and if it can proceed to break the 12,701 level, the possibility of Option 1 is high but we still cannot rule out Option 2 until Dow drops below the 12,000 level.




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