Dow (27,110) - Surged 829 points with high volume

Dow surged 829 points (+3.15%) on Friday with quite high volume of 543 million (+31%). Dow has reached a junction that can be the end of wave B, especially if Dow starts to drop sharply next week.

But if Dow can continue to move higher, it is possible that wave B is extended and is heading for a 'Double-Top' reversal pattern.

Friday's volume has improved by 31% to 543 million with the 829 points surge. If Dow can continue to surge next week with volume exceeding 600 million, then the fundamentally unlikely mega wave (3) option might be able to nullify the wave B option.

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