Tuesday, August 12, 2008
August 12, 2008; Big Picture
In light of Diver's comments to keep an eye on the big picture I thought I'd do just that and post a chart of the big picture. We're waiting for the wave 2 of (3) rally to end which will give way to a wave 3 of (3) decline that will destroy the market. It should shave at least 2,500+ points off the Dow, and do it in just a matter of weeks probably. This can occur any day now, but most likely not for another week or so. I'm agressively short............and waiting.