I'm not an EW guy at all, but after listening to Steve and Matt
so many times, it kinda makes sense.
BBY looks like its in a 5 wave down move, and now about to enter
the 5th wave. But for me personally, I'm looking at the bear
flag formed by the 4th (corrective) wave. If the magnitude of
wave 1 equals wave 5, could get a good move here.
Trade Idea - BBY - Bear Flag, 5th Wave down
Posted by riskmanagerjeff on 3rd of Mar 2010 at 01:42 am
I'm not an EW guy at all, but after listening to Steve and Matt so many times, it kinda makes sense.
BBY looks like its in a 5 wave down move, and now about to enter the 5th wave. But for me personally, I'm looking at the bear flag formed by the 4th (corrective) wave. If the magnitude of wave 1 equals wave 5, could get a good move here.
I agree, looks good, looks
Posted by matt on 3rd of Mar 2010 at 01:49 am
I agree, looks good, looks like a bear flag, nice one!, needs to lose the 20 day MA
I'm heading to bed