Tuesday, July 20, 2010

7/20 3:35

The new high traces a 5-wave up.  I sold 2% SDS on the breakout and 1% DJ futures as well.  Selling the rest on pullback to 10,080
Posted by at

2 comments:

  1. AnonymousJuly 20, 2010 at 2:06 PM

    Hi again Steve,

    I trust the I1 timing. Do you see this finishing a quick "C" wave up from today's (or yesterday's) low above 1100 tomorrow or early Thursday morning? The peaks and valley in I1 have proven quite accurate from my understanding, and it seems like this time won't be an exception!

    Josh

    ReplyDelete
  2. Steve KotelesJuly 20, 2010 at 3:14 PM

    Hi Josh,
    The B wave should happen overnight and early tomorrow. Tomorrow will rally to a C wave high to finish it off.

    ReplyDelete

Subscribe to: Post Comments (Atom)