Dow - Can run for another two months

Dow gained another 127 points (0.95%) on Tuesday after its 98 points gain on Monday. It looks more likely that the up-trend is not over yet.

Dow has started its mini-wave 5 of sub-wave iii formation. After that there will be a sub-wave iv pullback follow by sub-wave v to complete its wave (v) of major wave (5) of mega wave 1.

Assuming no extension of waves, mega wave 1 is expected to end before 2013. October 2007's high of 14,164 can be the ultimate ending level.   

My long term wave count for Dow.


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