Dow - Not the end yet.

Dow dropped 209 points (1.36%) to closed the week at 15,115 level.

Within the next few days, Dow should be able to complete its sub-wave viii. Assuming sub-wave ix to gain around 6% to end just below the 16,000 level to complete the wave (vii) by early or mid July.

Wave (viii) is expected to pull back by about 8% to 9% in July.

Click ' Stock Bubble ' for an interesting article by Toby Connor.

I personally feel that the final euphoric parabolic phase is not in place yet. The volume is not there and I don't feel any herds movement.

All the uncles and aunties remain very cautious. It is a good sign.



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