Freep, Regarding the level at which I would start to worry, it's around COMPX 2040. The up scenario says we are still in the powerful wave 3.
The futures are up, but I am not biting. At this point I am looking for this to be part of a correction. If we take out the old highs with conviction, then we are off again, but remember that we can make a new marginal high as part of a 'flat' correction -- this often happens.
So, for now, I am looking for up out of the gate, maybe a marginal new high, then another fall. At that point we are either off again in our wave 3 up, or, well, the hand-basket thing... |
