I am going to pull down my longs prior to the close, but will not go short here due to the symmetry I pointed out earlier between this wave up ‘c’ and wave ‘a’ up. They are nearly identical, with wave ‘c’ being about 90% as strong as ‘a’ so far. Thus I expect this rally to run into Thursday time wise and should target about 9,400 plus on the DOW.
Again, if symmetry holds, I expect a pullback going into the close and then again most likely in the morning tomorrow, followed a resumption of the rally later tomorrow. I am cautious about this, however, and at the first sign of breaking that symmetry will re-evaluate.
