Bought back 1% DX futures near the wave 1 high. If the DX rally is for real should see wave 5 up today.
5%UUP,12%SDS,2%QID,2%ZSL,2%SCO
long2%DXfut,short1%SIfut,short 1% DJ fut
Wednesday, October 20, 2010
10/20 pre-open
I revised the count so that futures completed wave (iv) of a downwave last night. Shorted 1% DJ futures 10,959.
Amazingly, yesterday DJI declined to the precise critical support break point. I still don't score it as the break. If the count is correct that should be resolved today.
Bought back 1% DX futures near the wave 1 high. If the DX rally is for real should see wave 5 up today.
Current positions:
5%UUP,12%SDS,2%QID,2%ZSL,2%SCO
long2%DXfut,short1%SIfut,short 1% DJ fut
Bought back 1% DX futures near the wave 1 high. If the DX rally is for real should see wave 5 up today.
5%UUP,12%SDS,2%QID,2%ZSL,2%SCO
long2%DXfut,short1%SIfut,short 1% DJ fut
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Steve
ReplyDeleteI was thinking about some past comments Charles made shortly after 4/26 abut the possibilities of a double top described very similar to the one we are looking at now and thinking of one his most recent comments that we could experience another flash type crash. Looking at my trend line charts that could happen in the next 4 to 6 days. It will be interesting to see how these next days leading up to I1 bottom 10/26 play out. Charles, what are you looking at that makes this a possibility to you?
Jack C