Posted by junkmaylbox on 20th of Mar 2009 at 04:12 pm
Matt, what's your target for the wave A down? I have 750 in
mind, as you said last night. Or that's for wave C? You also said
that 735 would be a good place to start thinking of going long
again. I am fully short at the moment, and would like to take
profits when we approach the end of wave A. Wave 2 should last for
about 2 weeks, so it's too early yet to think of the end of wave A,
IMO. Thanks!
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SPX 15 min.png This move down
Posted by matt on 20th of Mar 2009 at 04:08 pm
This move down from the 803 highs is likely some kind of wave A, so expect a wave B up, then a wave C down
Target for wave A down
Posted by junkmaylbox on 20th of Mar 2009 at 04:12 pm
Matt, what's your target for the wave A down? I have 750 in mind, as you said last night. Or that's for wave C? You also said that 735 would be a good place to start thinking of going long again. I am fully short at the moment, and would like to take profits when we approach the end of wave A. Wave 2 should last for about 2 weeks, so it's too early yet to think of the end of wave A, IMO. Thanks!