After 55 minutes of trading on Friday morning, Dow put on 150 points (+1.2%) and Nasdaq put on 28 points (+1.0%). It looks like mini wave iv has ended and both the Dow and the Nasdaq have started the mini wave v. The next pullback before the end of next week is very crucial and the main question is whether the lower support line can hold. If it can hold, sub-wave 5 is going for 9 mini waves. If it can't, one possibility is that major wave B has ended. Of course there are also other possibilities.
Just Relax
A sales rep, an administration clerk, and the manager are walking to lunch when they find an antique oil lamp. They rub it and a Genie comes out. The Genie says, 'I'll give each of you just one wish.' 'Me first! Me first!' says the admin clerk. 'I want to be in the Bahamas , driving a speedboat, without a care in the world.' Puff! She's gone.
'Me next! Me next!' says the sales rep. 'I want to be in Hawaii , relaxing on the beach with my personal masseuse, an endless supply of Pina Coladas and the love of my life.' Puff! He's gone.
'OK, you're up,' the Genie says to the manager. The manager says, 'I want those two back in the office after lunch.'
Moral of the story:
Always let your boss have the first say.
Oldies from Brian Hyland
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