Wednesday, February 23, 2011

Dow - One more sub-wave to go, sub-wave ix






Dow dropped 179 points on Tuesday to form the sub-wave viii. If wave 5 has only 9 waves, the completion of the next sub-wave will complete the extended wave 5, a potential location to end the mega wave B.


Unless the major wave (iii) has 9 waves as shown below, then Dow will be able to survive for another 2 to 3 months. Any purchase during this stage is for short term gain, is a gamble, and before the run ends you have to get out whether you made your money or not. Don't forget to watch out for failure wave, this can give you a heart attack if you are still holding on to all your stocks.


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