that is a corrective Elliot wave..... we broke the trend.. we have the momentum low, then the secondary.... it's not the clearest 5 waves... I think we are going to move sideways through options.... but I also have been saying that for 4 weeks..... So wtf do I know....
Most probable is that we have a descending triangle into a spike low.... Just for fun.
I will say... I think we are not going to crash.....
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
Friday, October 3, 2008
trends
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