Friday, May 28, 2010

5/28 14:40

Sold 2.5% SDS to get flat at 34.10
Saw a 5-wave up.  I think it is wave a,  in wave c now but I am flat.

2 comments:

  1. I think you meant 11;40 am?
    what happened to the spill @ 10174?
    cj

    ReplyDelete
  2. CJ
    I use DJI 150-minute +/- .4% to calculate breaking short-term support. Frequently this brings an immediate spill. Not in this case. As long as this M/A is not broken by 40 points to the upside the sell is in place. I saw a 5-wave up and took the pullback. Currently this resistance is 10,200 + 40. So with this method hold short until 10,241. I think we are in the B wave.

    ReplyDelete