For those familiar with gaps,

    Posted by frtaylor on 10th of Nov 2022 at 09:28 am

    For those familiar with gaps, this is a pretty big one, yes? What are the odds of pretty immediate (within a couple days) backfill when it's this big?

    Well, best to wait and

    Posted by frtaylor on 10th of Nov 2022 at 09:48 am

    Well, best to wait and use Matt's 15 min rule. Short to be closed on new highs.

    For better or worse, I

    Posted by frtaylor on 10th of Nov 2022 at 09:39 am

    For better or worse, I just took some SPXS. If this is wave ii (in red on Matt's daily chart), it's going to be spectacular....

    frtaylor  not wave ii but

    Posted by kobie on 10th of Nov 2022 at 09:43 am

    frtaylor  not wave ii but Wave C up

    Right, I know that's now

    Posted by frtaylor on 10th of Nov 2022 at 09:45 am

    Right, I know that's now the favored count. Is red ii now out of the question as an alternative? I believe wave 2's (ii, etc.) can retrace pretty far.

    A good spot if willing

    Posted by fundamentalvalues on 10th of Nov 2022 at 09:42 am

    A good spot if willing to scale or use as a hedge, etc. with the gap below. I'm looking to join you for some, starting small as usual. 

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