Mentorship

Mentorship

Dow

16 Jan 2014 ‚óŹ 04:49 AM

The S&P and Dow count differently and I have shown 5 ending in S&P by taking all impulses up from the June low. But in the Dow if I stick with the running triangle formation in the 4th wave then wave V up had not completed at the recent high. So after Mondays correction wave V up probably started. Note in this case III is shorter than I and so V could be truncated. 16700 near the upper bollinger band could be a target.

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