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Monday, February 10, 2014

DJI - Time for wave b of 2 lower towards 15,623 before the final c wave higher to 16,111.

Dow Jones Industrial Index:

Wave a of 2 likely ended at 15,798.51 and we should now look for wave b lower towards 15,623.63 as the ideal target, but we could wave b even lower towards the 61.8 corrective target at 15,515.57 before the final wave c of 2 towards the ideal target at 16,111 to end wave 2 and set the stage for wave 3 lower.

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