you can see the developing blue wedge pattern in the SPY?
It's obvious this was the "buy the dip" in this uptrend.
in EWT this was wave 4 and we are now in wave 5.....
It's dangerous but after this developing high, I do have 1 more, by wave counts.... Always dangerous to wait for that last one.
Friday, August 22, 2008
blue wedge on the spy
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