Dow
Dow - the hourly chart of the Dow now shows a possible 5 wave decline [yes the nasdaq also closed below 7175. The Dow may have started the wave 3 major decline and we are at wave i of 3 now and a wave ii bounce is possible before more declines. Minimum bounces are 38.2% or up to the swing of 25500, though higher levels are not ruled out but a new high should be less likely for the Dow.
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