The Black Box

[dieselfuel]

I see it as short covering, anticipating a Fed rate cut tomorrow.

Here is my analysis of the NASDAQ:

Today's rally stopping @ 1719 (.236 re-trace level)

3rd wave down completed @ 1407

4th wave up to as high as 1974

5th wave down completing @ 1266 (.618 x w3)

For the S&P 500, I'll just say a 3rd wave down would stop around 605.

The DJIA I'll just post a "babyboomer low" as 3841 (at least!)

I'm just posting this so I can bookmark it for my own reference. Beats having another piece of paper laying around that I don't need. ;~)