Personal DJIA_Weekly Review and Forecast_5_27_2012

So after a bit more upwards movement in the Dow Jones this past Thursday and the subsequent downward movement on Friday, nearly breaking the critical level of wave-ii-blue, I think that wave [4] black has completed and that we are now in the midsts of what I will chart as wave [5], and sub-wave  i-green. As two of the five waves within a motive sequence tend towards similarity in amplitude, I am fleshing out  my previous prediction of [v]-black at $12,088  with  $12,064. 

$12,064 is $505 from the peak of wave [4] and the amplitude of wave [1]. It is sufficiently similar to my original prediction of $12,088. I will use the 24 point difference between these two numbers as the high probability region in terms of the price level upon the completion of wave [5]. While the strong negative tendency in the market makes it feasible for wave [5] to dip down to 50 points below this estimate, the price range outlined above is my officially forecast endpoint. I will draw a more accurate channel for this wave as i and ii-green complete this coming week. 

-W