With Dow dropping another 166 points (1%) to 16,245 on Monday, I have to modify my wave count for the sub-wave ii. The 3 possible options that I have presented in my last posting remained the same.
Sub-wave ii takes the form of a a-b-c waves
Option 2 is the most optimistic whereas Option 3 is the worst possible scenario where one has to run for his life.
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