"first of 5 up" -- so it sounds like you're expecting another 5 up (after a correction here) to make up wave 3, followed by yet another 5 up to complete wave 5. This would make 5 waves up from yesterday's low and the entire 5 waves in aggregate would be the 5th wave of the entire move up from the late August low. Is this how you're expecting it to unfold?
If so, then I'm guessing you'll be trading in and out of SDS, selling at what you believe are the end of corrections, and buying at the completion of 5 waves up, right?
well this ramp up will add to sentiment... The rally that keeps on giving.
ReplyDelete"first of 5 up" -- so it sounds like you're expecting another 5 up (after a correction here) to make up wave 3, followed by yet another 5 up to complete wave 5. This would make 5 waves up from yesterday's low and the entire 5 waves in aggregate would be the 5th wave of the entire move up from the late August low. Is this how you're expecting it to unfold?
ReplyDeleteIf so, then I'm guessing you'll be trading in and out of SDS, selling at what you believe are the end of corrections, and buying at the completion of 5 waves up, right?
Good luck!
Steve
ReplyDeleteI'm hoping this is the top.
Jack C
I'll be trading in and out. I'll keep a token 1% SDS just in case I'm wrong.
ReplyDelete