If Dow is currently in wave 2 of major wave (III), and if the magnitude and duration of the consolidation are about the same as that of the wave 2 and wave 4 of major wave (I), Dow is likely to drop to 9070 for a 3.5% pullback within a period of 7 to 10 days. In the last 3 days the pullback was less than 3% at its maximum. In the next 4 to 6 days of waves a-b-c formation I don't expect big up and down swings in Dow.
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