Courtesy of Alain DelormeI am still talking about a bear market rebound that has started in March 2009 when Dow bottomed at 6,547.
The rebound may end by early 2011 when mega wave B is expected to end. Currently Dow is trying to complete its wave iii. Last Thursday surge is the sub-wave 7 of wave iii. The magnitude of wave iv correction is expected to be about 7%.
If major wave (3) has only 5 waves, wave v will be the last wave before mega wave C starts. Of course it is always possible that major wave (3) can have 9 waves but until it happened it is suicidal to assume that it will have 9 waves.
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