Weekend Update - Dow Waves - part II

To continue last weekend's update, just could not help locating a possible target for the DOW. The total down move of wave1 to wave3
was 1454+2135=3589 points and 0.38 of that is 1363 down points for wave5 from Feb27 of 12756 high. This leads us to DOW 11393. Using Fib arc from 17Jul06, they amazingly conincide.This is the first target for DOW and is also 0.78 retrace from rise of 17Jul06. This is only the first target, it can go lower.

2c