Tuesday, August 31, 2010

8/31 10:45

I have what appears to be corrective decline from Friday and impulsive rally today.  Covered futures positions at a profit.  DJ 10,003 and NQ 1769.  Still have a lot of short ETFs.
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2 comments:

  1. pimaCanyonAugust 31, 2010 at 8:09 AM

    So you think it's possible that the move down from Friday's high and the move up from this morning's low are a continuation of Minute 4?

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  2. Steve KotelesAugust 31, 2010 at 8:32 AM

    Yes, although I reclassified the wave degree to Minuette 4. I want to give I1 time to bottom and until we exceed cash DJI 10,177 the count can stand.

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