Dow - Sub-wave v to be completed soon.

Without access to internet for 10 days is a new experience - more outdoor activities and less stress.

Dow moves slowly and consistently towards the 14750 level to complete its sub-wave v. If the next pullback can hold above the lower trendline, then the wave (vii) will have 9 waves - the market can last longer.

However if Dow drops beyond the lower trendline, it can be taken that wave (vii) is completed.

The next corrective wave (viii) is projected to have an 8% to 10% pullback. Wave (viii) should be able to end above the 13,000 level before Dow moving higher again to complete its wave (ix).

Then the next question is whether the mega wave 1 has five or nine waves.

Nouriel Roubini

It is good to keep in mind what the guru has said last month, "Short-term bullish, long-term catastrophic".
 


.