Dow closed its Thursday session with a drop of 93 points at 10332. The two possible scenarios for Dow that I have mentioned previously still hold. There is a third scenario that begins to look likely, I will talk about that in some other day.
If Dow continues to move south, I will take it that wave
(IV) has started.
If Dow were to follow a bullish path as show above, it will remain here for a short while but within 2 to 3 days it will have to start breaking the ceiling. My bet is - Dow is heading for
(IV).
If Dow continues to move south, I will take it that wave (IV) has started.
If Dow were to follow a bullish path as show above, it will remain here for a short while but within 2 to 3 days it will have to start breaking the ceiling. My bet is - Dow is heading for (IV).
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