Dow added 263 points (+1.49%) on Monday. With this strong candlestick, there is a possibility that wave e as well as wave (xiv) have ended. Wave e is known to be unpredictable, it can fall short and it can also overshoot.
If this is the 'fall short' case, then Dow is on its wave (xv) run-up.
It is also possible that Dow has yet to complete its wave (xiv). The strong candlestick could be a minor wave ii rebound,
Or it could be the wave c of mini wave 2.
Short term trend is hard to predict but as long as Dow has not reached the end of its wave (xvii), which is the next possible major turning point, I need not worry about a 'market free fall' at the moment.
.
No comments:
Post a Comment