So, my process is to read some "final Calls" around the market then I give up on my day and take a nap. Realize I'm west coast, so I get up at 2am-4am. Market closes after lunch and about 4 hours later I have dinner. So a nap can fit right in. I also look at the trading, and try and process what is going on, and what happened.
When I get up in the morning, I then draw up some charts and try and post what I'm looking at. Try and express some possibilities.
and hopefully I post it to the correct blog.
If you want a quick summary, We are in a wave 5. The morning move completed a wave 4 ....
The Question is where will wave 5 end?
Further more, When we have a correction how deep a correction will that correction of the downtrend be?
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Tuesday, January 8, 2008
End of day
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