Thursday, December 2, 2010

Bulls keep it pushing... the area they need to. The wave pattern is setting up that wave 5 should not subdivide. With that said, we are currently in subminuette wave 3. Once this wave is over, I would expect a consolidation wave 4 and a pop and drop wave 5. This will complete a minor wave. It will either be wave 1 of primary wave 3 (if this is a bull market) or wave C of primary wave 2 (if this is a bear market). You know how I lean, but the market should make things clear enough for us.
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