Tuesday, March 30, 2010

3/30 11:30

Stock market just hit critical support.  Bought another 2.5% SSO at 41.97:
I count the 3-wave corrective phase complete:
Initial stop-loss order just under here at SPX 1168.40 for 5% SSO.  Currently am 10% long, 2.5% DDM and 7.5% SSO.
To recount, I have an uptrending I1, a completed 5-wave, and market at critical support. Good combo.
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2 comments:

  1. CharlesMarch 30, 2010 at 9:55 AM

    Hi Steve,
    Thanks for replying to my last question. I was wondering if you have ever looked into the Bradley Siderograph as it and your I1 seem to have some similar turning points.
    Charles
    ps sorry if i sent this 2x

    ReplyDelete
  2. Steve KotelesMarch 30, 2010 at 10:09 AM

    Hi Charles,
    I'll lay Bradley and I1 year-by-year for today's commentary. They are really different.

    ReplyDelete

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