Dow(26,543) - A disappointing week.

In order for Dow to punch through its ceiling as I have mentioned previously, it has to be dynamic with high daily volume. But Dow's movement was not dynamic at all and the daily volumes were low. I personally feel that the possibility for Dow to punch through the upper trend line is very low.

It is more likely that Dow is forming its wave D that is only 400 points away.

Looking at the 30-minute interval 2-Month chart, Dow can cover its last 400 points in two ways.

It can either has a small drop to complete its mini wave iv before finishing the mini wave v.

Or it can straight away moving higher from its last Friday price to complete its last 400 points to form the mini wave v, the wave iii and the wave D.

But if Dow were to drop below 26,300 level next week, I will need to run for my life. It is a failure iii.

Dow has already completed its wave D with a failure wave iii.

And Dow is heading for its wave E for a 20% pullback.

.