Thursday, August 19, 2010

W3 here?

I was trading yesterday's wave as an ABC and was expecting C to take the market down t0 1086. But given the impulse today, this wave might actually be a W1 and as I speak I see the minnuette w3 bottoming at 1070 and now we're working on either a w4 of this W1 or W2 itself. I am 200% short from 1096 and I've raised my stops to break even. My EW Portfolio is up more than 10% since its inception in early July vs exactly 0% for the S&P.

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