Here it is.
I've spent hours stairing at charts.. here is 3 days on the
SPX....
I've done some wave counts.... in the middle there in red..... I
keep talking about a repeating pattern..... Problem is..... It's funny how I
fall for the same thing every time... So... I'm looking at todays low being the
"Bottom" or near Term low... Well ...
if you look at that central Red
pattern... it shows that this is a False Bottom... and that it is actully a wave
3.. We should get a move up to where that will be a move to 1364 or so.... Then we
could quite possibly get that wave 5. Which should be a good 20-30 point sell
off. and is the good money maker.
I've been having some real Foul balls
latly.... Keep your eye open it should be a good bet...
and yet again
maybe it will be a foul ball.
That is funny....... What is messed up is that, it's right on I was off by 3 pts on the SPX....
Extra Messed up is that I got excited by the rally..... and didn't keep an eye out, and didn't notice that this was what was happening.... Even though I made a small bet on it.
That pattern is a Bitch to trade..... It's proved it several a Few times on me. That is a 50% retracement 4th wave...... It's nutty.
but who knows.... That is messed up... Maybe next time.
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