The big question now is if the DOW like the SP500, will take the last resistance today Friday for an attack on 2007 top formation or if the top was seen Thursday. Asia has only been trading less than one hour and gives no clue. The 5 min charts show the very strong upside momentum and I think Friday will be very interesting, especially in the US.
The trend has taken a new high which is the fifth and last wave on upside trying to take a new all time high. From bottom you see the first, second, third and fourth waves very long and big. At the fourth waves bottom 2011 the fifth wave starts with four new smaller waves from which now the fifth small wave has started with the new high. Technically it should continue up and probably make the DOW do the same.
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