Dow plunged 808 points or 2.8% on Thursday, it is either major wave 1 has ended and Dow is going for a 14% pullback for its major wave 2 correction.
Or, if it is only a one-day affair and Dow can start to move up from here, then the plunge is only the mini wave 4 of the sub-wave iii.
It is better be cautious by assuming that this is a 14% correction until this is proven wrong within the next few trading sessions.
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