we said this morning that if the SPX got over 835 and then 867
then we could consider a bullish case, obviously we did not, and as
I showed by the 1 min charts, we had a nice short entry today as
well.
We are currently in wave 3 of 5, so maybe we get a wave 4 of 5
bounce, then one more decline, and then 5 of 5 and that will be
it. the good thing is that we are in the later stages of wave
5 now of a 5 wave pattern.
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please let us know when to go long
Posted by yam6353 on 20th of Nov 2008 at 04:32 pm
Being a newbie, thank you for your informative insights.
You commented on a certain time to go long, please let us know when you think it is worth a trade on the long side
we said this morning that
Posted by matt on 20th of Nov 2008 at 04:48 pm
we said this morning that if the SPX got over 835 and then 867 then we could consider a bullish case, obviously we did not, and as I showed by the 1 min charts, we had a nice short entry today as well.
We are currently in wave 3 of 5, so maybe we get a wave 4 of 5 bounce, then one more decline, and then 5 of 5 and that will be it. the good thing is that we are in the later stages of wave 5 now of a 5 wave pattern.