Dow (22,878) - Technical rebound ?

Dow rocketed after Christmas. It surged 1,086 points (+4.98%), Dow's best single-day gain in 10 years. Stocks started to move higher after Trump said he has great confidence in U.S. companies and the market presented a tremendous opportunity for investor to buy stocks. Is he going to support the market at all costs?

Technically it appeared to me that this is a mini wave 4 rebound. Next down will be the mini wave 5 to end the wave iii. After that Dow will have its wave iv and v to complete its major wave 8 that took almost a year to form.

In stock market nothing can be 100% sure as the market cannot exist under a 100% sure condition. It needs buyers and sellers that hold opposite opinion to exist.

As I have mentioned in my previous post, the question is whether Dow is about to complete its major wave 8 or it has already completed its mega wave VII and it is at the beginning of its mega wave VIII (-50%) correction?"

If Dow is indeed at the tail-end of its mega wave 8 and if it can continue to move higher in the next few days, another possibility is that the current rebound is the wave vi of C.

And the most optimistic scenario is of course the major wave 8 correction has ended. Hard to believe, very hard to believe but it is all up to Uncle Trump and the Federal Reserve. Anything is possible in stocks.

A failure C to end the major wave 8.

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