Sunday, August 19, 2012

Mini Personal DJIA update for 8_19_12

I am expecting completion of  waves v and C (blue), as well as wave 2 (black) within this coming week. After the completion of those waves, I am predicting that the market will begin a very strong descent.

When I think the very top of this bull market correction has been reached, I will post a new chart with my downside targets and anticipated socionomic changes. The highest I would expect to go in this last move upwards is  13,543. Moreover, given the complexity of wave iv (blue), this last wave v (blue) of C (blue), should unravel in a fairly neat 5- wave zig-zag.


-W


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