Dow update

Last Friday the did another 200 points or so before stopping. Today the futures indicate another drop of perhaps 250 points. The chances that this is just a small a-b- correction are getting smaller by the minute.

In any event it is not a good idea to stay long as the 4th wave of previous degree is at about 7000!

Below is a chart as per 1.30 pm.

Dow feb 5 2018

 

There are other ways of counting this but at the very least we would need another 4-5, that is if we assume that 3 is done at about these levels, which is not at all clear at this moment.