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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (9671)8/9/2001 9:02:58 PM
From: Perspective  Read Replies (1) of 209892
 
We are in wave four corrective up jello tomorrow. It waffles and closes unconvincingly higher on low volume. One more flush coming, to new lows, before this leg down is complete. Then more jello up (actually a wave 2 or B jello up), then about a week out we get into wave 3 or C, some more convincing down of the same scale as this past couple of weeks.

Actually, I think NDX was up slightly today. Hard to count today as "down".

Did you notice my wave four in gold and HUI is over? Launched into wave five up. Pretty contracting triangle correction. Too bad I didn't swing more cash onto that bet. However, if I'm right on the count, HUI is bound for new highs very soon. Boy, are those contracting triangle fours ever reliable.

Time to be a dipster in the gold miners...

BC
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