Thursday, May 19, 2011

5/19 10:00

Stock futures completed 5 waves up last night.  Cash indexes just completed theirs to match. With an extension of the rally at hand after a downward correction of the 5 up, it appears that the I1 lead is still in effect for a top on the 25th.
Silver needs to retrace it's big 5 down to about $39.  Silver will accompany other commodities and boost the stock market on it's way to $39.

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