er, i saw you mentioned "12,000 on the dow MUST hold".not at...

er, i saw you mentioned "12,000 on the dow MUST hold".

not at all. the minimum retracement can be anticipated as down to 10,000 on the dow (fourth wave of lesser degree).

in reality, it's more common for our current state of play in the dow to retrace 61.8% of the rise from since the GFC low at 6500.

that puts 12,000 into a new perspective altogether. don't fall in love with your analysis, is my daily prayer. yours is too bearish by far mate.

but good for you in sharing it. full marks for that.