In this post entitled "4th of one looks close to done" (posted at end of day Tues of this week), I provided the following model:
Below is actual. The red arrow below points to where the top chart ended on Monday. Tues was then 5 waves down. After that red "a" counts as a 5 and then possible 3 waves back down to the blue like (50% fib). If this model is right, tomorrow the DJIA should catch a nice bid and go back up to the level of the prior 4th in 5 pretty clear waves. Maybe it will peak at 4400. Then we shall see what happens but the first clear TVIX buy trigger should these events play out as modeled is a lower low then today's low and the absolute TVIX buy trigger is a lower low than black 5.
Thursday, August 7, 2014
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