Sunday, November 28, 2010

Long weekend update...

...I hope everyone enjoyed a nice happy thanksgiving. I'm still trying to recover from a game of football on Thursday and paintball on Friday. I'm not as young as I used to be and my body is reminding me now more than ever.

The short-term trend is still down, and I'm expecting a test of the 1150 area this week. This will determine if we're in a wave 4 or the start of something nastier for the bulls. Should we take out last week's high tomorrow, then I'll be looking for one of my original wave 4 scenarios: a flat or a triangle.

Best of luck!
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