Hey Hobstas

Haven't been feeling too good this week, so this post is mostly an update and a comment cleaner, but there is some important info in this post. 

Yesterday when the bears failed to take out the 1060 on the /es cash in the afternoon I said ut oh! Time to add some calls for OPX as I do believe they will take this move to the 1100-05 area by next week. Turns out to be a good move as they pushed it yesterday afternoon really hard, remember there is hardly any volume, so the old saying is don't short a dull market !!

I believe we are in minutte wave 2 of sub 3 and will finish out around that 1100 area next week to wash out the weak bears and sucker in the retail trader into being bullish longer term. Remember nothing really positive is going on. So the jobless claims fell a few thousand ....most likely will get revised up and also there are allot of folks running out of claims to claim. Their benefits have run dry since there are no jobs! Retail Sales mostly terrible with exception of the high end where the wealthier still feel like their teeny boppers can buy True Religion Jeans for 400$ 

I am now dipping back into Gold and Silver after this correction as it's always good to have as a hedge and seems to have bottomed out. EUR has touched it's upper resistance line and could head on up to the 130's so that would co-inside with my call of around 1100 by OPX. Now we have to get through 1085 first. If there is no big news over the weekend I expect the scene to play out.

Have a great Weekend and GLTA

Peace, Love  

Anna