Lily of the Valley - Courtesy of Chrisser (flickr.com)
The technical indicators managed to move back to the upper range. For the next 2 to 3 weeks if the indicators can hover around the top in a side way direction as shown below, then Dow is heading for
(I)-(II)-(III)-(IV)-(V) formation. Before the completion of major wave
(V) any short term pull back should not exceed 3%.
However if the technical indicators are unable to stay at the upper level in the near future and start to move lower as shown below, Dow may be heading for the big
C especially if Dow drops more than 3% and goes below
9712 level.
So, what to do now? As I have said before, I will monitor Dow along the
(I)-(II)-(III)-(IV)-(V) scenario
and watch out for any sign of the big C.
Lily of the Valley - Courtesy of Chrisser (flickr.com)
The technical indicators managed to move back to the upper range. For the next 2 to 3 weeks if the indicators can hover around the top in a side way direction as shown below, then Dow is heading for (I)-(II)-(III)-(IV)-(V) formation. Before the completion of major wave (V) any short term pull back should not exceed 3%.
However if the technical indicators are unable to stay at the upper level in the near future and start to move lower as shown below, Dow may be heading for the big C especially if Dow drops more than 3% and goes below 9712 level.
So, what to do now? As I have said before, I will monitor Dow along the (I)-(II)-(III)-(IV)-(V) scenario and watch out for any sign of the big C. 
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