As long as I1 is in uptrend I am reticent to short stocks, but if the E wave completes I can short on it with a stop at 1187 and limit risk.
Monday, November 29, 2010
11/29 10:30
SPX 1173 held. The triangle is composed of clear 3 waves. If SPX forms 3 up and 1186.93 is not penetrated to the upside then this E wave will complete the triangle.
As long as I1 is in uptrend I am reticent to short stocks, but if the E wave completes I can short on it with a stop at 1187 and limit risk.
As long as I1 is in uptrend I am reticent to short stocks, but if the E wave completes I can short on it with a stop at 1187 and limit risk.
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