Friday, August 13, 2010


By looking at the chart, I get the feeling this is a W4 with a W5 coming that will take us further to the downside. However, this W4 might fail as well so I am not taking any new positions until either we get a retrace (go 200% short) or get to 1065 (cover all shorts). Perhaps we'll get the answer by the end of the day or on Monday.

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