Dow closed Monday trading with a marginal gain of 13 points. It formed another 'doji', sub-wave iv is about to start. The main concern now is - Dow is about to end its wave (xiii).
Based on the magnitude of its wave (ix) of 12% gain and its wave (xi) of 11.4% gain, and assuming wave (xiii) can gain an average of 11.7%, Dow has only another 2.3% to go, or another 370 points to go to complete its wave (xiii).
If wave (xiii) is going to be the end of its major wave (5) or mega wave 1. I think Dow is approaching a possible danger zone. In my previous posts I thought the wave (xiii) could last until early 2015 but it appeared that it may not.
Unless major wave (5) has more than 13 waves, then the next correction can be wave (xiv) after the completion of wave (xiii).
But if major wave (5) has only 13 waves then the next correction at best is the major wave (6) pullback and worst to come is the mega wave 2 scenario.
Be careful, be very very careful. And again this is only my interpretation of Dow and I can be wrong too.
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