DOW: HIGH PROBABLE COUNT

At this point the most likely wave count remains A

likely target for WAVE C is going to be 61.8% of wave A. Therefore

top around 12,500-13,000 over the next 8

WAVE i) IS NOT VIOLATED.

IF DOW DOES TRADES BELOW 10,700 THEN THE ALTERNAT COUNTS WOULD BE APPLICABLE:

ALTERNATE COUNTS HAVE BEEN PROJECTED IN THE NEXT CHARTS.

At this point the most likely wave count remains A-B-C, where C has some more distance to run. The

likely target for WAVE C is going to be 61.8% of wave A. Therefore, Dow can achieve an intermediate

13,000 over the next 8-10 weeks. THE COUNT IS VALID AS LONG AS 10,700 (TOP OF

IF DOW DOES TRADES BELOW 10,700 THEN THE ALTERNAT COUNTS WOULD BE APPLICABLE:

EN PROJECTED IN THE NEXT CHARTS.

C, where C has some more distance to run. The

can achieve an intermediate

THE COUNT IS VALID AS LONG AS 10,700 (TOP OF

IF DOW DOES TRADES BELOW 10,700 THEN THE ALTERNAT COUNTS WOULD BE APPLICABLE:

ALTERNATE A: BULLISH SCENARIO-

ALTERNATE B: BEARISH SCENARIO-

Regards,

ANINDYA BANERJEE.

anindya@kshitij.com

- LOWER PROBABILITY…

- LEAST LIKELY AT THIS POINT IN TIME…