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Wednesday, February 12, 2014

DJI - Look for wave c higher towards 16,192 to end wave 2.

Dow Jones Industrial Index

The was no real time to develop the b-wave correction and it became very small. I'm now looking for wave c higher towards 16,192 where wave c will be equal to wave a in length. Once this wave 2 correction is finished a new powerful decline should develop to below 15,340.

Longer term we should see much more downside action as wave E of the major expanding triangle develops.

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