10/9/2025
Wave one down and two up are labeled. A wave two on the day down is an A B C affair to the u[pside. We are now in Wave 3 of five. Wave 3 will consist of five waves, three down and two up. /wave one of three appears to have ended today, note the uptick at end of day well off the 30+ points down. Wave two will also be an A B C up down up affair. RSI top and PMO are over sold. The time to add shorts will be the top of this next wave two. Does this make sense?
https://en.wikipedia.org/wiki/Elliott_wave_principle
Crude oil backed off today, cannot tell let's see how Friday opens. Not much movement in bonds.
Trump is boasting of the Mideast 'Peace' Are you kidding me? When I reached 10 years of age I started reading the newspaper. Way back then I read of a fight in the Mid East. I asked Dad, is there a war going on I don't know about? His reply was accurate, Son, those people have been fighting all my life and I guess they will do so all of yours. I am 77 and they are still fighting. I suggest If the Noble group awards Trump they make it conditional on how many Jews Hamas kills in the next five years.
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