There are other possibilities. As shown in my Dow blogs of April 2 and 5, there could be a “running correction”, essentially a flat that drops down. CAT, which is all geared to building more machines to make the great and beautiful wall between the US and Mexico, went for a $16 ride from open to close, 10% of its value, by the way, which could be the start of a wave 3 – or C – down. The stock is up 300% in 2 years so a little correction should not come as a big surprise. The open question is whether they will be paid in pesos or dollars.