Your counting is not correct because W2 and W4 dont respect the alternatiion theory. The 12k high is W5....The High of June 2014 was W3 and end of W4 was in Oct14. Thats how I did my counting. Said that, dax is heading to 8500 area first...then will rebound to 9000 before doing final leg down in area 6500. This is my view.