Posted by junkmaylbox on 10th of Feb 2009 at 01:36 pm
Matt, are you saying that we are going to break the support at
805 with wave 5? I am confused about which wave 5 (up or down) you
are referring to here. From your chart the move down looks
impulsive, so I am thinking that the counter trend rally is over
then.
Clarification on wave 5
SPX 10 min observations
Posted by junkmaylbox on 10th of Feb 2009 at 01:36 pm
Matt, are you saying that we are going to break the support at 805 with wave 5? I am confused about which wave 5 (up or down) you are referring to here. From your chart the move down looks impulsive, so I am thinking that the counter trend rally is over then.
you can short on a
Posted by matt on 10th of Feb 2009 at 01:44 pm
you can short on a wave 4 ABC bounce. If you shorted yesterday or early this morning, then you could probably just stay short
What is your target for
Posted by mellis on 10th of Feb 2009 at 01:59 pm
What is your target for the ABC bounce, Matt?