US30 (Dow Jones)Just as in the Dax, another high could be in store for the Dow. However, I think this scenario is more likely in the Dow. In this case, the Dow would also have only one more x built-in on Friday. I have rebuilt my count a little compared to the last post, by placing the red x of the orange (z) now on the low at 29430. In the now running yellow circled z we would have here an ideal target of 31980 in whose proximity is also the 1.00 extension of the red y. This is at 31749, so that a run-up to this area is currently the most likely scenario. However, my last count remains valid until the break of the high.
