I think of when I was a child. Just a pee wee going to town in the old 1956 Ford PU. Gasoline was ten cents a gallon. As I got older--you could buy a box of 22's for three bucks and my dad remembered when they were a nickel.
So much for the dollar of value.
The dollar has been driving me nuts. Literal battey. I have shorten this one and went long so many times and gone for chump change. Thinking everyone of the moves was the breakout move.
Time for it to move? In time.
I show the labeling of a typical fourth wave label. The wave -d- is most likely not complete. Because wave -d- is most often simple or an -abc- pattern. So it will most likely take the rest of the week to develop into a trade, but watch list also.
This market I just exited with a small lost.
After the -d- wave which should end on bottom of triangle but most likely not as low as last one. Wave -e- will end in the middle or around 80.50 and time to get seriously thinking the short side.
Nice triangle on the daily chart can be drawn. The target is the trend line on daily chart and appears to be 77 or lower.
