Monday, February 10, 2014

Dow - Can forget about wave (x)




With last Friday's strong rebound, the magnitude is too big to be considered as mini-wave 6, we can forget about the wave (x) scenario.

We are left with 2 possibilities, a more optimistic major wave (6) formation with a 10% correction as shown below, to 14,750 level.


Or the pessimistic mega wave 2 formation as shown below.


With this pessimistic option, The worst that can happen is for the mega wave 2 to go all the way to 6,547 level for a 100% retracement within the next 24 months.



 Mega wave 2 of the super wave VII.

.

.

No comments:

Post a Comment