Running freely in Kew Garden, UKWhat I have in mind for Dow is as shown below. A few more days to complete wave 1 follow by about 3% drop to form wave 2.
Dow dropped 72 yesterday and it dropped another 26 points after two hours of trading on Thursday morning. Has sub-wave v ended? Is this the starting of wave 2? Look at Dow, Nasdaq and S%P below.
Sub-wave v of wave 1 appears to be rather short for all the 3 indices if wave 1 has ended, another 250 points up for Dow can give the chart the right look for sub-wave v, unless this sub-wave is a failure v, unlikely but possible, after all, everything is possible in stocks.
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