Dow - More new highs until first quarter 2015

Dow moved into record territory on Thursday morning. After about 80 minutes of trading, Dow gained more than 80 points to move above 17,200 level.

Mini-wave 3 of sub-wave v of wave (xi) in progress. More new records are expected until wave (xiii) is completed, most likely during first quarter of 2015.

Be very very careful when wave (xiii) is completed as that can be a major turning point.

If major wave (5) ends at wave (xiii), the following pullback can either be the major wave (6),

 

OR it can be the mega wave 2 correction.

Until then

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