Saturday, September 26, 2020

Dow(27,173) - Major wave 2 correction

Dow rebounded 358 points (+1.34%) on Friday. This rebound is likely to be the mini wave 4 rebound of the wave A of its major wave 2. After the completion of this major wave 2 within the next two months before end of December, the next major wave 3 run-up is very crucial in deciding whether the run-up since March this year is part of the mega wave (3) bull run;

OR it is part of the wave B of the super wave VIII correction.
 

It all depends on whether in early 2021 the next major wave 3 run up can punch through Dow's record high of 29,568.


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