It's been a good day to nap and listen to Uncle Ben.
here is my theory....
We have a Macro ABC correction.
We are on Wave A of that Correction.
in Wave A We just finished Wave 3, Which started after the close on Monday. We are about to hit wave 4.... which could very well be a Wave B correction of of the Macro Wave A.
We should at a minimum correct over to the green line 136.50
gold broke my down trend.... I think it may have another little leg down..... I may be being a sissy.
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
Wednesday, April 2, 2008
Wave Counts
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