the best case scenerio here will be a move back above 1000 on the spx and we sort of dome top there and retest in upcoming weeks.
Volatility solution would be that we trade chop for 2 months, and there are significant retests.
Wednesday, October 15, 2008
this is the 50% retracement
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3 comments:
My 1:00 pm call: QLD at 34.80
Oversold, looking for a bounce.
Not sure what wave this is with EWT, maybe end of Wave 3?
Stop at 34.45
I think we could be looking at wave 4 and moving into wave 5.
but wave five looks to end Friday morning or monday.
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