We still lean to the downside, but
we just wanted to present both cases. If anyone feels too
exposed on the short side, well the market is gapping down and you
can always trim your positions down on the gap down if you
choose. We're leaving the ultras on the Watch List, maybe the
high of yesterday was the mini wave 2 bounce of wave 3, we'll
see!
Posted by dodgerdog on 12th of Sep 2008 at 09:56 am
Thanks Trade - nothing is definitive at this moment so just
stick to your plan. Today's early sell off has provided
everyone an opportunity to take some profits if they felt
overexposed, etc.
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We still lean to the
Posted by matt on 12th of Sep 2008 at 09:16 am
We still lean to the downside, but we just wanted to present both cases. If anyone feels too exposed on the short side, well the market is gapping down and you can always trim your positions down on the gap down if you choose. We're leaving the ultras on the Watch List, maybe the high of yesterday was the mini wave 2 bounce of wave 3, we'll see!
Matt, re: "maybe the high
Posted by trade on 12th of Sep 2008 at 09:39 am
Matt, re: "maybe the high of yesterday was the mini wave 2 bounce of wave 3" - looking more that way now. Great analysis as usual, you guys are good.
Thanks Trade - nothing is
Posted by dodgerdog on 12th of Sep 2008 at 09:56 am
Thanks Trade - nothing is definitive at this moment so just stick to your plan. Today's early sell off has provided everyone an opportunity to take some profits if they felt overexposed, etc.