Monday, May 9, 2011
Correction Will Take A Little Longer - Probably
The intermediate trend is still up in the sense that the April 18 low has not been violated, but the correction still appears to be in progress. It may take a few more days and a retest of the 5/5 low before it's over. Thereafter, expect a resurgence of the uptrend.
Posted by Trader Craig at 8:55 PM