Tuesday, May 25, 2010

5/25 11:10

The reason for my taking profit this morning is based on the following wave counts:

We are in wave (v) from the 4/26 high.
Now the breakdown of the wave (v) move:



I1 got us this far.  It does not mean that the market is immune from rally.  I took a good profit this morning.  I have good reason to believe that the market will give me a very good entry point a few hundred points higher on DJI. 

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