Friday, June 25, 2010

6/25 11:05

Another 3-wave decline to latest low.  This is not how impulses work.  Just sucking in shorts here.  Exited 1% SDS at 35.03.
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2 comments:

  1. AnonymousJune 25, 2010 at 8:30 AM

    Steve

    Looking at your raw I1, next week looks like a ruff week for the markets. This seems to fit with the current social mood and as you have stated before how the markets take time to digest information and translate it into action.
    Jack C

    ReplyDelete
  2. Steve KotelesJune 25, 2010 at 8:56 AM

    Only 300 points to the support level. Yes, the markets are trading weak due to risk aversion (fear).

    ReplyDelete

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