So will the next post be titled ?:
a) Stand (REM song, which was the theme for Get A Life)
b) Paperboy (the classic 80s video game, Elliott (Chris Peterson) was a middle aged Paperboy in Get A Life)
c) Waves (Chris Elliot -> R.N. Elliott -> Elliott Wave. Not expecting that one, huh? :) )
Here is an update on the options:
First, I would be remiss in not mentioning that Kevin has been showing a large complex triangle that has a very compelling aspect to it. He has had it for a few weeks. See his public charts: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3568637
Here is the Ending Diagonal Option (both Cash and Futures)
Here is the Still in Minor B / One More Pullback Option
Which one is right? Or the most likely? Who knows. That's my answer.
Like I have said the last several posts, this is still an overlapping mess of threes. It is very foolish to try to make concrete predictions and/or large bets while we are still mired in this trading range.
My $0.02.
