Simple's Green Room

[pennies2007]

Heavy, I just realized I didn't screw up the count on that 15 minute chart earlier after all. I just forgot about it. The reason I had that 1 at the bottom in parentheses is because it represented an initial Wave 1 in a larger series.

GJ is headed right for our target, just like it was supposed to do....and we missed it because we tried to second guess the charts.

Only good thing about this is that GJ is finally going to find a near term bottom soon and when it does, it's gonna move up nicely. Unfortunately, I discovered that my earlier longs didn't close out on that small move up so I just have to hold them and wait. Thank goodness I kept them small as I always do...LOL!

Next time, we trust the charts and wait it out.