Sunday, November 28, 2010

Vacations Over...

Hey all, hope everyone got some much needed rest.  The mkts just seem to be all over the place and right-fully so with all the news, good and bad. 

Are we topping or are we in a lesser degree wave 4???  I have pounded my brain out the past few days trying to get to the bottom of where we are.... its a coin toss.. we really could be topping, but we are still in a trading range and until we break to the upside(1184) or downside (1174-3) then we are probably in either or.  If we are in a 4th wave, we could only be in wave A of 4 and in A we are in C or E of a triangle... now the pros all say two diff  things.. and I can count it both ways myself.. so.. just as I also count it as a possible topping pattern... and we could really just fall to at least 1150, and that could also complete wave A of 4.. then we go up into a larger degree B of 4... and that could take another 60dys.. then fall into C, then D, then E... if each take 60dys.. total 280dys to 300.. from the start.. from april... so daytraders dream if we are in a 4th wave.  will try to get some drawings up later today... >L

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