Tuesday, April 12, 2011

4/12 11:15

The stock market came down to the envelope of the critical M/A, 12,395 - 1.35% = 12,227 vs. an actual low of 12,233.98.  I bought NQ futures at the top of what turned out to be a minor 4th wave rectangle.  SPX came down to within the envelope of it's 50-day M/A.  I still dump all at 12,220 but my belief is that we finished a larger-degree 4th wave with a final wave to new highs.  I'm 8% long SSO.

No comments:

Post a Comment