Dow gained 1,252 points (+5.15%) last week. The strong surge has changed the wave form from a simple A-B-C to a more complex A-B-C-D-E major wave 8 formation.
With this change, major wave 8 may take a longer duration to complete but the good thing is we can forget about the projected 23,000 level for the completion of the wave C of the major wave 8. The wave E may end at around 24,500 level.
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