[DJIA] update

I think the basic theme from the backlink is still true which is that 4 of 1 is still unfolding.  The new news as of the 500 point rally of the past 2 days is that we have what is likely to end up being a 4th wave HT.



What's different is that the eventual low might not be as low as stated before if 5 is to eventually be the same length as 1.  The key, as always is not price but rather wave shape.  That little unicorn horn leading into red 4 was a sell signal IMO.  The next confirmation, should it occur, would be the break down of the top rail in to the channel.  It remains my top model that this will break down as shown.  Intel, for example, came within 30 cents of reaching its expected target and I think the big name stocks are trading together on emotion right now, not any kind of fundamentals.  Unless you have insider info, what do investors know that is new between press releases and earnings reports?  Not much.  But the shares move every day anyhow...