Tuesday, May 25, 2010

5/25 1:40

Stop on short position is DJI > 9963.

2 comments:

  1. Steve, with the completion of the 5 waves down and ABC, doesnt' that mean the next significant move is up -- Wave 2 of (3)?? Then the major move after that would be down- Wave 3 of (3).

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  2. Either wave 1 is complete here or it will be complete with one more low. I said before that the structure of this advance was ABC, ABC, that is a double zigzag. This rally, even if not wave 2, was testing Feb lows. I just loaded up on SDS at 35.88.

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