Simple's Green Room

[pennies2007]

Yep, things about to get kind of ugly soon. Don't know if it'll start today or next week but it's pretty much inevitable at this point.

I'm scratching my head trying to figure out where the DOW is gonna go from that double bottom. If it does a typical 61.8 after Wave 1, it'll pop back up to 10,300 but that seems kind of high.

What do you think? I'm positive we've begun the new daily Wave 3 down and this leg down on the DOW is Wave 1 inside that Wave 3.