Dow - The Outcome

Dow has decided its outcome on Friday with a 496 points (-2%) drop to 24,100 level that punched through the lower support line. No more A-B-C-D-E, major wave 8 formation.

Another 1,000 points drop next week will put beyond doubt for this wave count. With this latest wave formation, the 23,000 level that I have mentioned months ago as the possible end for the wave C of Dow's major wave 8 appeared to be too optimistic unless Trump started to tweet some positive things on US-China trade war.

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