am not the EW expert, But I did mention to Steve and Matt last
week that perhaps the weekly showed 5 was in, think I was even
honored to have the chart included. They been pretty spot on all
along..but hell I dunno
Good point and might be. I guess next 3-6 trading days
well tell. I'm glad I went swing long. I now have
a few SPX points to play with in case its only 3 of 5 and were now
starting today Wave 4.
I'm in at SPX 683 (SSO & BGU). Moved stops up to near
break even and will hold until stops get hit or when Matt/Steve say
MAJOR Wave B up is nearing a top. ( I will moves stops up as we go
higher but not yet) I'm playing for the swing up over next
few months.
I have been doing to much "day trading" and get into noise of
the intraday market and overthinking trades. I'm glad
you, RP, Maggie , Matt and Steve BEAT into my head wait for the set
up. If you cannot trade everyday than stay on sidelines
in cash and wait for set up for Wave B up. I got it last
week and took it.
I'm not 100% sure trade will work but I have over 40 SPX to find
out.
Posted by dallassteve on 10th of Mar 2009 at 03:41 pm
Me, I'm taking the profits today and happy. Covered my GDX
short, too. Maybe could have held a little longer, but
I have learned to take profits relentlessly. Thanks Matt
& Steve!
Surely this is wave 4 with wave 5 to follow to complete A
down. In my mind, the upside is limited in the short
term. Comments welcome.
Is anybody going out long
Posted by whirl on 10th of Mar 2009 at 03:26 pm
Is anybody going out long this mkt? I know this is a big rally, but ....is there a pullback to start wave 4
could it be 5 of 5
Posted by ravun on 10th of Mar 2009 at 03:45 pm
am not the EW expert, But I did mention to Steve and Matt last week that perhaps the weekly showed 5 was in, think I was even honored to have the chart included. They been pretty spot on all along..but hell I dunno
Raven, Good point and might be.
Posted by cspirit on 10th of Mar 2009 at 03:47 pm
Raven,
Good point and might be. I guess next 3-6 trading days well tell. I'm glad I went swing long. I now have a few SPX points to play with in case its only 3 of 5 and were now starting today Wave 4.
Thats
Posted by ravun on 10th of Mar 2009 at 03:50 pm
the way to do it..have some meat on a trade, tighten your stops and lets see how it plays out...imo
I'm in at SPX 683
Posted by cspirit on 10th of Mar 2009 at 04:04 pm
I'm in at SPX 683 (SSO & BGU). Moved stops up to near break even and will hold until stops get hit or when Matt/Steve say MAJOR Wave B up is nearing a top. ( I will moves stops up as we go higher but not yet) I'm playing for the swing up over next few months.
I have been doing to much "day trading" and get into noise of the intraday market and overthinking trades. I'm glad you, RP, Maggie , Matt and Steve BEAT into my head wait for the set up. If you cannot trade everyday than stay on sidelines in cash and wait for set up for Wave B up. I got it last week and took it.
I'm not 100% sure trade will work but I have over 40 SPX to find out.
I would
Posted by ravun on 10th of Mar 2009 at 03:28 pm
be holding long..but thats just me
Me, I'm taking the profits
Posted by dallassteve on 10th of Mar 2009 at 03:41 pm
Me, I'm taking the profits today and happy. Covered my GDX short, too. Maybe could have held a little longer, but I have learned to take profits relentlessly. Thanks Matt & Steve!
Surely this is wave 4 with wave 5 to follow to complete A down. In my mind, the upside is limited in the short term. Comments welcome.
Closing longs as well into
Posted by gan_ on 10th of Mar 2009 at 03:46 pm
Closing longs as well into cls. Exercise prudence on any counter trend trades.
nice to see that you
Posted by matt on 10th of Mar 2009 at 03:45 pm
nice to see that you caught that GDX short! it has been a goodie