Wednesday, May 6, 2009

9th Wave Completed

Dow has just put on 101 points at the close to complete the 9th wave of wave 5 of the major wave (I) for "possibility 1", if it is possibility 1. If this is really the correct Elliott's wave count for Dow (with luck), for the next 20 days or more, Dow should go into major wave (II) consolidation. However if Dow still continues to go up, then forget about all the technical indicator's readings, enjoy the major Wave (III) run up (Refer to possibility 2 in my previous post) until the whole wave (III) is completed.


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