Dow dropped sharply on Tuesday following a surprise drop in durable-goods orders and disappointing earnings from Microsoft and Caterpillar. Investors feared that economic growth is slowing down.
Despite the 291 points (-1.65%) drop, my reading for Dow remains the same. Dow is forming the wave d of its wave (xiv).
But if Dow continues to drop further from here in the next few days, it is still possible that it is forming its wave (xiv) in another form.
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