DOW Outlook 20Mar12


Current MAP wave count H-2 of 4H5 of D3 of W5 of M-2.

Pitchfork analysis gives the limit of pivot M-2 along the bold dashed trend line which is the SP of M345 to M-2. Current most likely top is at the intersection of this SP with M45-1 SP to pivot W3, and W123 SP to 4, for a final high around 13750 towards the end of this year.

Pivot H1 appear to have been made by piercing the H MLU, indicating high momentum so retrace to the ML is expected before continuing up to H3.

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