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Monday, April 16, 2012

An August peak in Dow of 14000 ??

Further downside (wave 5 of C)
Will there be a short term push down to 122, the previous resistance turns support
and potentially the end of wave 4 of 5

Before the final 5th of the 5th wave
Taking a 50/50 wave 4 to wave 5
If wave 4 ends at 126......then wave 5 will end at about 140 (126-112=14;+126=140)

TimeFrame :
If wave 1 to 4 = 6 months; and is 2/3 of total 5 waves
Then wave 5 will be 3 months (from June)
Therefore a peak in the Dow in August.

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