Dow (24,633) - Wave B continues

Dow added 532 points (+2.21%) on Wednesday to show that its wave B has not been completed yet. The breakout from its April 17 high also ruled out its possibility as the possible end of wave B.

If the current run-up is the sub-wave iii of wave B, it will end within the next one or two days. If the next sub-wave iv pullback is around 5%, very likely the sub-wave v will mark the end of wave (iii) as well as the end of wave B.

However if Dow can continue to run up strongly with very high volume then the seemed to be impossible option of a mega wave (3) for the Dow can become a reality.

If the next surge is indeed the mini wave 3 of the sub-wave iii of wave (iii) of Dow, then it has to be an unmistakable dynamic run-up with strong, very strong unmistakable volume.

If these thing can happen, then the last low at 18,213 on March 23 with 38.4% drop from its peak of 29,568 is the end of mega wave (2).

Pray hard for a very strong run-up with a very very strong volume in the next 5 trading days. Failure which, a timid run-up will end up as a B wave.

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