I still like to maintain that the Dow is forming its mini wave (iv) which should end anytime. Dow might have broken it's lower trendline but it remains above it's mini wave (i)'s high of 12,234, still OK
The next mini wave (v) has a minimum target of 13,252, which is the mini wave (iii)'s high in March. The completion of the coming mini wave (v) can mark the end of the up-trend since March 2009 from 6547 level. So, if we are lucky, there is one more mini wave to go, the mini wave (v), which is expected to last for one month.
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