Thursday, December 9, 2010

Dow - sub-wave 1 of wave V completed



Dow has completed its sub-wave 1 of wave v. Currently it is forming its sub-wave 2. If my interpretation of the chart is correct, sub-wave 3 will start sometime next week as the technical indicator William%R(14) need to move side way at upper level.

There may be other possibility to the chart but I prefer to stick to me current interpretation until new data shows that the above wave count is wrong.

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