DOW: final (5th) wave down for this part of the correction upon us!? (e.g. expecting a big(ger) bounce soon)

ideally I would like to see the DOW hit in between the green 1.764-2.000x extension (15250 +/ 25). This is also close to the 0.764x extension of Primary I, measured from II. But 5th waves may fail… Regardless, looks to me like this is the last wave down for the first part/wave of this correction. I am expecting a bigger bounce (wave b) next to the 50-61.% retrace area, which would target the 16,000 area (+/- 50)

INDU update 02042014


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