Given the strength of the rally today, with the Dow making a new closing high, I’m putting the Three Peaks Domed House count back on.
A description of an idealized pattern can be found here.
If Points 3-7 span roughly 8 months (which is the case for the current instance), the rally from Point 14 to Point 23 is supposed to last 7 months and 8-10 days. In our case, Points 11-14 are missing. If you count from Point 10 instead, a top could be predicted for late-May 2015. By that time the Dow will likely be above 19000.
For the time being, I think the Middle Section described in previous posts is still valid, except that Point J would be moved to the Domed House top next year. However, it is possible that a new Middle Section will form during the Domed House rally, and if it does, I would give the new one priority.
Happy holidays everyone!