tgh1 -read my post from this morning at 9AM, I
said we were completing wave 5 of wave 1 and would likely get a
bounce. we talked about it all day, so did you not see any of
these posts?
Secondly, you have to define yourself, are you a day trader, a
short term trader, a swing trader, etc. If you feel uncomfortable,
no problem with taking some off the table
Remember per our update last night,
this is likely minute wave 5 of minor wave 1(green) of major wave
3, that will complete minor wave 1. Then sometime (maybe
later today maybe tomorrow, we could find a bottom and then begin
minor wave 2 bounce (remember all of this is in major wave
3)
matt- September 11, 2008 10:03am
Previously posted by matt (Title: S&P 500 15 min chart)
:(
toggle)
Remember per our update last night,
this is likely minute wave 5 of minor wave 1(green) of major wave
3, that will complete minor wave 1. Then sometime (maybe
later today maybe tomorrow, we could find a bottom and then begin
minor wave 2 bounce (remember all of this is in major wave
3)
the point of the wave count is that if you didn't short the
market yet, you might want to wait for the wave 2 bounce, because
if the wave count is correct, then the maket should bounce soon
Posted by gift1999 on 11th of Sep 2008 at 05:40 pm
matt
That was a very good advice. I almost got into huge trouble
because of not defnining my trade when I bought MER@ 22.97
yesterday. But after I saw your post this morning about a possible
bounce, I added a huge position in MER and finally closed that
out with a decent profit ( but I feel ashamed about this trade- I
hate doing risky stuff like this ....What if MER tanked like LEH?
...OMG)
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
tgh1 -read my post from
S&P 500 15 min chart
Posted by matt on 11th of Sep 2008 at 05:10 pm
tgh1 -read my post from this morning at 9AM, I said we were completing wave 5 of wave 1 and would likely get a bounce. we talked about it all day, so did you not see any of these posts?
Secondly, you have to define yourself, are you a day trader, a short term trader, a swing trader, etc. If you feel uncomfortable, no problem with taking some off the table
--------
Remember per our update last night, this is likely minute wave 5 of minor wave 1(green) of major wave 3, that will complete minor wave 1. Then sometime (maybe later today maybe tomorrow, we could find a bottom and then begin minor wave 2 bounce (remember all of this is in major wave 3)
Remember per our update last night, this is likely minute wave 5 of minor wave 1(green) of major wave 3, that will complete minor wave 1. Then sometime (maybe later today maybe tomorrow, we could find a bottom and then begin minor wave 2 bounce (remember all of this is in major wave 3)
the point of the wave count is that if you didn't short the market yet, you might want to wait for the wave 2 bounce, because if the wave count is correct, then the maket should bounce soon
matt That was a very good
Posted by gift1999 on 11th of Sep 2008 at 05:40 pm
matt
That was a very good advice. I almost got into huge trouble because of not defnining my trade when I bought MER@ 22.97 yesterday. But after I saw your post this morning about a possible bounce, I added a huge position in MER and finally closed that out with a decent profit ( but I feel ashamed about this trade- I hate doing risky stuff like this ....What if MER tanked like LEH? ...OMG)