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Originally posted by nikelbee
I'm going to take a stab at this. Now keep in mind that dream interpretation is simply that - my interpretation. I could be completely off base.
It seems in this dream that the old lady - personifying fragility - may be signifying that you fear some weakness you would not ordinarily be afraid of.
Because she comes armed (and that is surprising in little old ladies) one is to assume you underestimated this aspect of your own fear and insecurities and thus this could be something that ends up challenging you (running, hiding and tossing a dumpster at her).
The elevator going up and down on floors could signify change.