A 3-3-5 would be a

    today's bounce

    Posted by steve on 25th of Feb 2010 at 03:45 pm

    A 3-3-5 would be a flat for his wave C.  That would consist of 3 waves down 3 waves up and then 3 waves down to complete C under his scenario.

     

    what does that mean would

    Posted by rkelman on 25th of Feb 2010 at 03:49 pm

    what does that mean would you short here on resistance

    rkelman - the answer to

    Posted by steve on 25th of Feb 2010 at 04:00 pm

    rkelman - the answer to your question is yes if you believe in that scenario since the next leg would be a hard move down.  

    However, that may not be correct (as I've shown other alternatives).

    do you have any shorts

    Posted by rkelman on 25th of Feb 2010 at 04:03 pm

    do you have any shorts on

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!