Friday, August 6, 2010

8/6 2:50

So, it was only a 3-wave down, not a 5-wave to complete an abc.  All indices, cash and futures, overlapped.  I am long SSO ETFs and looking for a pullback to put on long futures.  We are still on the long side of the 5-minute, 380-unit M/A, within the diagonal triangle, and I1 is rising.  There is unfinished work at new highs for the diagonal (if it applies).. Pima, how are we doing?

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