One of the possible option for Dow is the Mega Wave VII scenario where October 2007's peak is the major wave b and March 2009's low is major wave c that marked the end of Mega Wave VI as shown below.
Under this option the uptrend since March 2009 is either the wave 1 or the first sub-wave of wave 1 as shown below. Currently Dow is forming its mini wave (iv) of sub-wave v of wave 1.
Dow is at the ending part of its mini wave (iv), it is expected to end the (iv) at around 12,500 level before starting its final mini wave (v) surge to 14,000 to complete the wave 1 of Mega Wave VII.
.
No comments:
Post a Comment