Tuesday, May 11, 2010

5/11 10:48

Just bought 2.5% SDS at 30.77, stop at DJI 10,865
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4 comments:

  1. Jack CMay 11, 2010 at 9:23 AM

    Steve

    Were do you have the wave count on the DJI and the SPX?

    ReplyDelete
  2. Steve KotelesMay 11, 2010 at 9:47 AM

    I still have the count as wave 2. Even though the SPX and DJI have traced minor highs above those of Monday these are not impulsive so it is not a 5th wave, but part of the abc from Thursday low. The stop at 10,865 would be the outer limit for an irregular top like this.

    ReplyDelete
  3. Jack CMay 11, 2010 at 10:37 AM

    Steve

    Thank you. Would like to see it turn down and start testing to the down side now.

    ReplyDelete
  4. Steve KotelesMay 11, 2010 at 11:36 AM

    Downside break at DJI 10,755 and SPX 1156.50.

    ReplyDelete

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