Dow (20,701)
Dow added 150 points (+0.73%) on Tuesday. It appeared to me that sub-wave v has started. If I take its magnitude to be the same as that of sub-wave iii, 22,000 is the target.
If wave (v) has only five sub-waves, very likely the major wave 7 is going to end in May, approximately another 28 trading days to go before the major wave 8 correction begins, a 15% pullback. From 22,000, the drop is about 3,300 points to 18,700 level.
I guess all major world markets are likely to move in tandem with Dow for a 10% to 20% pullback depending on the resilience or strength of each individual market.
http://chanky50.blogspot.my/2017/03/dow-sell-in-may-and-go-away.html
