Wednesday, February 5, 2014

Wave 2 coming in the Dow?


The Dow jones this morning looks to have completed the 5 waves lower to complete wave 1… a bounce to around the 15900-16000 is what I expect for a wave 2 in the form of a zig zag.
(Premium bought @ 15300. )
-side note is the commercial traders have bumped up the net longs on this last slide lower. 



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