As previously noted (one month ago), the Dow Jones Industrial average reached the 14,000 level as predicted.

The next move is down, for about 300 points, to the support level of 13,860.

On the Elliot Wave count, Wave 3 of a larger Wave V that started on Nov 31, 2012 has been completed. We are now in Wave 4 of this this larger Wave.

The target for Wave 5 of the larger Wave 5 is just above the 14,800 level.