Dow Jones Analysis: Finishing Wave 4 on Cycle level, time to BUY

For Dow Jones Industrial Average, we're finishing Wave 4 on Primary wave (the dark red lines) level right now. Worst case scenario would be there's still 1 intermediate down wave to go before this Wave 4 finishes, but I think it's more likely that Wave 4 is finished already.

On Cycle level (the dark green lines), DJIA is going through Wave 5 which starts from early 2016. As indicated in this picture, DJIA has broken above the 1.618 projection which is 22812 from its Wave 3, therefore I don't think this Wave 5 will end anytime soon. There's still pretty much safe space for growth and profits, trust me. When this Wave 5 eventually finishes, we would have ended Wave (I) of the Supercycle starting from 2009. When and how Wave (II) plays out will be the topic for another idea.

For price projections and targets, DJIA has broken above the old ascending channel since Wave 3 (dark green lines) and now it has dropped into it again. Wave 5 has started and I believe it will follow the new dark blue ascending channel shown in this picture. Price targets are 1.618 projection which is 32520 and 2.618 projection which is 42075. 42075 is also very close to 4.236 projection of the Wave 3 (dark green lines). The overall picture is very bullish, you shouldn't worry too much about small, daily level corrections.