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.
Sunday, August 24, 2014
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