Saturday, July 24, 2010

Top of the Mountain

yesterday's move up went through the trendline at 1109. The next move should go no more than 1131. If we go over 1131 we will be in an uptrend which will cause us to cover the shorts. I hope we do not have to do this. This should be the end of the A, B, C correction rally. After that we await the 3rd wave. But admittedly, this move has gone farther than I thought it would. It pays to be patient, but who knew it would be this painful.
Today marks the end of the Joe Mooney Music Festival here in Drumshambo. It's been a great week and Theresa's fiddling has really improved. Next week we will be visiting friends and relatives and famous sites. Have a great weekend.

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