Wednesday, August 18, 2010

Wave 4 Invalidated

Wave 4 has been invalidated on the DOW. Therefore I think what we saw (1100>1086) as a A (alt W1 of an A) and now we're on a corrective B (alt W2 of an A).

Portfolio 1 Update: I covered shorts at 1088 and bought back at 1091 for a net 3 point gain on 200% position. So that brings up my short cost basis on my position taken yesterday to 1098.

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