share the burden - tuesday, page-3

This really is a crazy game. I worry that I will be wrong on where I think the market is going and then when I am right I worry that it is too perfect. I just cannot believe how the SPX has followed the script in recent times. Followed the five final little waves up into the high and then topped out exactly on the new moon which was at perigee. I did not think that the SPX would be able to withstand the planetary action in the first two weeks of the New Year and it has now rolled over fairly convincingly. Yesterday I was worried that if it did roll over as it was hinting that it might take gold with it. No – gold and silver withstood the selling pressure. I’m sure the market will find something else to keep the brain cells working overtime.

Well actually there already is something to think about. Is this just a C wave down in the SPX before another final leg up, or have we seen a more important top that will require some months of correction? If it starts overlapping previous waves, then it will definitely indicate that it is more serious.

Certainly a very exciting time.