Simple's Green Room

[pennies2007]

Breen and I were talking and we expect this initial Wave 1 down to run to about 58.60 to 58.80.

But we both fully expect this last Wave 5 on NJ to drop to 57 easily no matter how the wave count plays out.

After this last 5th wave down on NJ, that will complete a big Wave 1 inside the new Wave 3. we're expecting a bounce back up to 61.50 to 62 for the Wave 2 inside the big Wave 3.

Then the fun begins...Wave 3 within the bigger Wave 3. That's gonna be a heck of a ride.

This drop on NJ should coincide with a double bottom on the DOW around 9600.