Wednesday, July 21, 2010

7/21 1:20

If we are in wave 3 of C then DJ futures 10,230 will be taken out handily.  The target of 10,310 futures is predicated on the rectangle.  I'll be taking profits before the target.  If hit then I'll go short there.  It will take time to get there, let's say 3:00 anyway because there is a long wave 3, then time spent wave 4 and 5.  Of course, we may not even be done with wave 2 yet.

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