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Tuesday, December 1, 2009

Messy Day, Part Deux

More of a mess today. Gumbo and I were discussing this mess in my last post, and here is what I think:

I suppose it is possible that the stab down Friday was Minute C of Minor B. So the question now, since there was no real pullback, are we in a Minute X wave, followed with Minute A-B-C down to finish Minor B? ..... hmmmmmm. The more I think about it, the more that sounds, looks and feels right. I just can't shake the feeling that Minor B is not done yet. We had a 26:1 down day Friday that hit a wall and dissipated. We had an 8:1 up day this morning that is hitting a wall and dissipating. Nothing has any follow-through yet. Which still says choppy / volatile B wave to me.

I don't think Minor B is done. Here is my count.

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