Two days ago, I expected the Dow to go side way and lower to form its mini wave 7. But Dow, instead of going for a correction, it went higher for two days of record breaking, making last week correction a minor wave i-ii of its mini wave 7. I will have to wait for the completion of mini wave 7, 8 and 9 to see how high sub-wave v is going to end. And whether that is going to be the end of wave (v) and its major wave 7. The major wave 8 with 15% correction will have to wait for a while.
Be prepared to meet failure waves as the 15% pullback is likely to come at the most unexpected moment when investors are most bullish.
After the major wave 8 correction that is expected to end in 2018, there will be a major wave 9 of VII run-up with more new records for Dow.
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