I've mentioned you on another site a few times, and see a few of the posters from there (Shabs, Pimacanyon) are checking in here too. Its a good community and hopefully stays that way!
A count that may be playing out is with Tuesday the top at 1129, and this morning is already the third movement down from the top. The pop after the Fed announcement was the second (corrective) movement. I guess the real key will be to see if 1088 breaks in either this or the fifth movement (maybe tomorrow), in which case we know its ON!!
The (second) correction from a (first) fiver down might be what we could be looking to play out into the close tomorrow at the I1 high, which leaves the real fun to begin on Monday of next week with a massive third wave down.
Hi Josh I'm looking to unload a bit of long SSO. I don't want to hold through the 5th wave. I had been warning that this I1 peak might come early due to other factors. Looks like you're right about the timing of the reaction to the 1st 5-wave down arriving at the I1 window.
Hi Steve,
ReplyDeleteI've mentioned you on another site a few times, and see a few of the posters from there (Shabs, Pimacanyon) are checking in here too. Its a good community and hopefully stays that way!
A count that may be playing out is with Tuesday the top at 1129, and this morning is already the third movement down from the top. The pop after the Fed announcement was the second (corrective) movement. I guess the real key will be to see if 1088 breaks in either this or the fifth movement (maybe tomorrow), in which case we know its ON!!
The (second) correction from a (first) fiver down might be what we could be looking to play out into the close tomorrow at the I1 high, which leaves the real fun to begin on Monday of next week with a massive third wave down.
Josh
Hi Josh
ReplyDeleteI'm looking to unload a bit of long SSO. I don't want to hold through the 5th wave. I had been warning that this I1 peak might come early due to other factors. Looks like you're right about the timing of the reaction to the 1st 5-wave down arriving at the I1 window.