So the DJIA in the (5th) wave of intermediate degree, bounced today, I believe, as a start to an (a-b-c)correction. Today's roughly 400 point leap also retraced to 23.6, a common Fibonacci retracemrnt, of the distNce between the start of this larger third wave which is now being corrected. I am currently unsure as to how far this a- wave will go, though my own opinion has me claiming that a (b) wave downturnay occur. Followed by another rally and then another fall.
I think tomorrow will be a downwards (b) wave which will be corrected for a short while before the whole process begins again in the fifth wave.
I will be sure to update more clearly when I see this first part more specifically fulfilled.
All the best,
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P.S I just updated the date on this post from 7/9/11 to 8/9/11, and am reminded why I should not post as I am falling asleep.
Warren
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