Tuesday, May 25, 2010

5/25 9:50

One more low to complete a 5-wave from yesterday.  This COULD be the final wave of the 5-wave from 4/26, which coincides with a re-test of the Feb lows.
This is why I'm taking it easy here, not getting aggressive.
Just bought 1% SDS 37.22

3 comments:

  1. Steve, with I1 in steep decline, isn't it time to be aggressive with shorting strategy?

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  2. I1 will be steep starting tomorrow. I am playing it small today because we are in a wave 5 of a wave 5, testing important Feb lows. We should have 1 more low then a rally. That rally I'll get short on.

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  3. We may not even have another low.

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