WAVES

Today looks like we are in the process of a sideways move OFF the low of noon ,
as the LOW of NOOn TODAY @ 8215 did NOT supercede
the LOW of yesterday at 10:45am at 8210 dow & spx 886.68

that leads me to suspect we are in a 2nd wave and or "B" wave where they should recover late today
and should open higher as we have already had THREE down opens in a row

ONCe they get back to spx 898 or near it, we can consider the "B" wave a
FLAT which IS VERY BEARISH, and the next move is the "C" wave to a
low on the close of the 8th at 126bars
to be matched by a secondary
low on the 9th at 204bars, plus the other cycles

Heres something to think about
If we split the 19.5 hours in half, we get 9 + 3/4 hrs thru mid day tomrrow
take us to about 1pm tomrrow on the 8th for the mid point
that might be the NEXT SHORTING OPP

Then the last 9+3/4 hrs take us right to the close of the 9th

Right now is a declining activty index now at 133, down from 233
NOT devastating, but we'll see what it does later

SOOOO, How do we play this NOW??
I am thinking about SHORTING any rally tomrrow by 1pm
And holding it thru the close of the 9th.
BUT
I ALSO want to get ready to buy long the close on THsday- & heres WHY
POWEr index jumps from 300 at close on the 9th
TO 500 on the 10th

Jay