Dow gained close to 200 points after an hour of trading to stay at 11,200. I was actually expecting Dow to move down over the next few days to complete wave c of wave iv. If Dow can maintain this 200 point gain until the closing bell, then it is likely that wave c has not yet started as shown above. Dow remains in its wave b.
Wednesday, December 1, 2010
Dow surprised me
Dow gained close to 200 points after an hour of trading to stay at 11,200. I was actually expecting Dow to move down over the next few days to complete wave c of wave iv. If Dow can maintain this 200 point gain until the closing bell, then it is likely that wave c has not yet started as shown above. Dow remains in its wave b.
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