Friday, March 26, 2010

3/26 1:45

Sold 1/2 of the DDM long stock position at 47.70.  It completed a 3-wave to the 150-minute M/A.
The decline from yesterday completed a normal 3-wave correction.  This, with the I1 uptrend, leads me to expect higher prices from here.  However, world events related to debt liquidation make me leery of long stocks.  I keep telling myself that I1 is not on a buy signal, only an uptrend.

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