Sunday, January 17, 2010

Dow - 100 points drop, biggest in 2010

Dow recorded its biggest drop in 2010 on its 10th trading day this year. Dow remains in its wave 7 as shown above.

Last Friday pullback can be the sub-wave iv of wave 7. However if Dow continues to go lower in the next few day and if it drops below 10428, the low of sub-wave ii, I will have to check my wave count properly for other possibility.

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