Tuesday, December 10, 2013

DJIA 5 Waves complete w/ developing correction.

A possible sell-off is setting up before the year end (Santa Clause), and then new year rally.  We have a clear 5 waves up with what seems to be the a and b of a zigzag correction.  The a and b could also be a 1 and 2 but I don't foresee that much of a sell-off going into what is traditionally the most bullish time of the year.  We could even have a truncated zigzag with and aggressive rally out of it well into new highs.

-- HollywoodTrader

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