The TradingEdge

[algol]

So, that turned up to be a second wave correction indeed; 1920 held. The bulls seem to be back in control for now - no more bad news for the rest of the week, plus Chinese market closed until Mon. By the looks of it, we will hit that 2000-2008 mark by Fri (?). As you said many times before, if wave 1 is complex, then wave 3 will be impulsive. So, I expect a big gap up at the open tomorrow.