Wednesday, July 21, 2010

7/21 2:07

Wave B is complete at the Bernanke post-statement lows.
Bought 2% SSO at 35.30.  Sold DJ futures at 10150.
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3 comments:

  1. DJDJuly 21, 2010 at 11:24 AM

    Steve, is it the Bernacke comments, or the anticipated I1 turn a few hours sooner than expected?

    ReplyDelete
  2. robertJuly 21, 2010 at 11:25 AM

    Steve:

    How high the C wave up can reach? and how long? Thanks

    ReplyDelete
  3. Steve KotelesJuly 21, 2010 at 11:52 AM

    It could be the I1 turn but the wave count shows a clear 5-wave rally followed by this 3-wave decline. I'll buy the low at 10,100 and worry about the rest afterward.

    ReplyDelete

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