Sunday, August 24, 2014

DJIA update

Wave 2 should be just about finished for the DJIA now.  Wave 1 down could not break that green support line that goes back all the way to dot bomb.  Wave 2 should give it a bit of running room for wave 3 to pick up momentum and break down the top rail and back into the channel of the expanding wedge.  Things should begin to move solidly down once that occurs.

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