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Re: northam43 post# 1379

Friday, 04/29/2011 6:39:16 PM

Friday, April 29, 2011 6:39:16 PM

Post# of 1590
A couple comments after looking at the Weekly and Daily charts. this week put some distance between price and Weekly UTL, which on my stockcharts sits at 1330+ and the Daily is at 1344+.
This could be a big wave 3 up in the making. Whether we close way higher on Monday or not, we could get a 60 min Phase I easily without a Daily Phase I and at some point another cycle out get a Daily Phase I without any contact with the Weekly Phase I.
Just thinking out loud.
A few folks have been calling for an acceleration of the trend into June, this could be the setup for it.

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