Friday, August 27, 2010

8/27 pre-open

Bought NQ futures 1% at 1784.50 as stated in yesterday's Daily.  Stop 1795 on 2% futures.
Stop 1062 on half the ETFs.
I'll re-classify the wave count this weekend to show Minute1 of Minor3 in progress and expected to end at I1 bottom.
If my count is correct we are starting Sub-Minuette3 of Minuette5. 
I'll be travelling today and will return Sunday.

2 comments:

  1. Steve

    So we can expect this to complete as a 5 wave down? Is it possible that the 5th wave could extend and is there a good strategy to play that possibility?

    Jack C

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