Thursday, January 7, 2010

1/7 - DOW Count



Here are the following options I show for the DOW:

1. It just completed it's 'b' wave with the drop this morning. Wave 'c' up remains to complete all this.

2. The drop this morning only completed minute [iv] so a zigzag (a-b-c) pattern is left for minute [v]. This option may fall in line with this call yesterday.

3. The Dow topped at 10604.89. So far minuette waves (i), (ii) and (iii) have played out or (iii) is still in progress. Will have to keep an eye on the lower converging trendline. A break below strengthens this thesis.

GL!

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