Starting it off.

Al

No posts concerning Cable. Even worse chop than on Friday - so far less than 50 pips range...

Paper trading. Made some on CMG. Lost more on SRPT. SRPT was an impulse buy. I did not wait for a pullback and bought at top price with a MKT entry order, and I lost. Maybe some day I will learn.







Al

$usd and gld - for a long time I've been saying that gld could go either way, and it's still true until such time as 117.40 is broken to the downside. The red count points to a target up there, and the blue count points to a target down there. If the dollar does what it appears to be doing, which is 99 followed by 108 - 113, the blue count in gld would win out

spx 60 – if the low today turns out to be (2) of 3, it occurred in a really interesting area fib wise and median line wise. A blue median line set anchored at the low of A of [4], and E of [4] would appear to have the potential to catch the end of major [5] close to the median line if it manages to unfold over the next few weeks.

uup 60 - remember how I said that the high at 25.00 somehow didn't feel like the end of (5), and that it might only be (3) (red)? That appears to be the case here. the bear median line set gets eliminated (second chart)

abc corrective move up to where the .50 is at 38.61

spx and iwm 60 with primary wave counts marked. What does spx do while iwm heads into wave 4? And don't tell me there is no wave 4. Wave 4s are typically shallow affairs, and given the sharpness and depth of wave 2, a flat or a triangle wouldn't surprise me. Keep this in mind over the next couple of weeks.

qqq 5 - first target finally hit