Dow dropped 128 points (0.95%) to close Wednesday trading session at 13,344.
If the above wave count still hold, Dow is about to finish its mini-wave 4 of sub-wave iii at around 13,300 level.
However, what if Dow were to plunge through its lower trend-line and continue to move lower? Under such circumstances, I will have to go back to my original wave count as shown below.
Dow has finally completed its major wave 1 that started in March 2009 as shown below.
Is this the major wave 2 of the mega wave VII ? Has to wait for confirmation.
The next question is whether the bankers and politicians allow this to happen? Will Bernanke starts his QE4 ?
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