Monday, October 15, 2012

Dow's Direction ?



After one hour of trading on Monday morning session, Dow gained about 20 points to stay above the lower trend-line. So whether Dow is forming the mini-wave 5 of sub-wave iii as shown below.



Or Dow has completed its bull run and is about to punch through its lower support for its major wave 2 downtrend formation as show below.


Hopefully very soon Dow can show us a clearer picture on its direction.






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