Quite a morning. I bought 2% SSO at 36.01, 35.61, and 35.28. DJ futures at 10,271 and 10,207. I will reduce exposure by 2% futures on a rebound to 10,205. If the DJI declines below 10,260 I'll sell 2% SSO.
This looks like the 5-wave down is complete. If so, then this is the end of C wave of Minuette2 and Minuette2 itself.
Glad I sold near the close yesterday, but still in the bag today.
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Steve
ReplyDeleteI felt we had double topped and went short pretty big on Tue. There I go again getting ahead of myself and I1, cross your fingers. I’m hoping to stay short now until month end. I felt I could hang in there if the markets had gone up to as high as the 10600 number.
Jack C.
I have to wait for the I1 turn to go short. I can't do it any other way.
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