DJIA wave 2 update.

Wave 2 could well be over today.  Andrew's Pitchfork channel analysis shows 5 waves rising into a narrowing channel.  I don't expect this 5th wave to extend but it is possible that it does an a-b-c to prior 4th and then turns around for a new high.  C is shorter than A still in the DJIA wave 2.   We will know a good deal more tomorrow but they could easily finish the week on a high and then allow the sell off to begin next week at the open, thus punishing anyone who did not hold short over the weekend.  Time will tell!