Sitting on our hands is no fun, just like generals waiting for the time to execute an offensive. No wonder they smoke cigars! I have to let the bulls have their fun and chum it up at the watering holes after the close. Their feel-good time lasts through Thursday and until then I get to practice my panther pounce.
The Nasdaq is breaking out, so wave iv is not a rectangle but a zigzag up. See the head-and-shoulders?