In this video I revisit the price action of the DOW. Since the DOW failed to continue its run down that began with a sharp one day drop and actually reversed up, the wave count was revised and it now shows that we have one more leg up before this rally will reverse down on a weekly scale. The internal subdivisions point to 8500 as a figure to watch if this preferred wave count is the correct one. Once 8500 is exceeded, the alternative wave count is in operation. I think the DOW is likely to reverse from around 8400 or even earlier. Two Fibonacci relationships discussed in this video point to 8230 and 8240 as likely stops for this rally.
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