Tuesday, May 15, 2012 5:39:46 PM
long at 8.7. looks like we're now in higher degree run up to $13-14.
Why? IMHO the run up in march from high 6s to 10.4 was wave 1 (clear 5 waves with wave i on march 1, wave ii on the following 2 days, wave iii from march 5-15, wave iv through march 22 and wave v (of 1) ended march 26). Then April was a clear wave 2 (A-B-C) correction with A from March 26 - April 24, B peaked April 26 and C ended ~May 8. May 11 may well have been wave i of wave 3 up and right now we've experienced wave ii of 3 up.
Let's hope I am right
Why? IMHO the run up in march from high 6s to 10.4 was wave 1 (clear 5 waves with wave i on march 1, wave ii on the following 2 days, wave iii from march 5-15, wave iv through march 22 and wave v (of 1) ended march 26). Then April was a clear wave 2 (A-B-C) correction with A from March 26 - April 24, B peaked April 26 and C ended ~May 8. May 11 may well have been wave i of wave 3 up and right now we've experienced wave ii of 3 up.
Let's hope I am right
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